We lift our target price by 3.3% to VND21,700 and maintain a MARKET PERFORM rating as we roll over our valuation date to mid-2020 and lift our aggregate net income forecast for 2019-2022 by 2%. Our aggregate 2019F-22F net income increases as we revise down our CIR forecasts. Our 2019F net income remains relatively unchanged at VND7.6tn (USD327mn, +40.4% YoY) as our cut in OPEX offsets an upward revision in provision expenses.