LPB released its 2023 results with TOI of VND15.6tn (USD646mn; +10.3% YoY) and bottom-line net profit of VND5.6tn (USD230mn; +23.5% YoY), fulfilling 121% and 141% of our respective FY2023 forecasts. LPB’s Q4 2023 NPAT was VND2.6tn (+165% QoQ; +294% YoY).