HDB released 9M 2023 consolidated results with PBT of VND8.6tn (USD351mn; +7.7% YoY), achieving 75% of our FY2023. This implies Q3 2023 PBT of VND3.1tn (+16% YoY; +15% QoQ). Overall, the bottom line is in accordance with our forecast. - 9M 2023 parent ban