HDB released 9M 2022 consolidated results with NPAT-MI of VND6.0tn (USD245mn; +32.3% YoY), achieving 75% of our FY2022 forecast. The increase in 9M 2022 consolidated NPAT was mainly driven by (1) a 29.0% YoY increase in NII, (2) 80.1% YoY increase in pure