BID released results for 9M 2018 with a bottom line of VND5.8tn (USD252mn, +35% YoY), achieving 64% of our full-year forecast. Provision expenses tracked slightly ahead (81% of our forecast) and top-line results are in-line with our expectation (69% of our forecast). In particular, Q3 2018 achieved net earnings of VND1.8tn (USD78mn, +16.5% YoY). However, given the relatively under-provisioned nature of BID’s balance sheet, there is a possibility that provision expense will track ahead of our