We maintain a BUY rating and target price of VND16,300/share as we assume the positive impact of higher contracted volume will offset the negative impact of a plunge in volume at Nhon Trach 1 (NT1). We cut 2020F adjusted NPAT-MI by 2.4% based on our assumption of a 50% drop in volume at NT1 (due to a gas shortage) outweighing the positive impact of higher volume from Vung Ang and slightly lower gas prices. We raise our average adjusted NPAT-MI forecast over 2021-2024 by 1.8%