We maintain a BUY rating and raise our target price by 9.2% to VND32,000/share due to (1) our higher 2020-2029 NPAT-MI forecast and (2) higher target P/E (see more on page 7).We raise our 2020F adjusted NPAT by 12.2% and increase our 2021-2029 NPAT forecast by an average of 6.5%, which is driven by our assumptions of a higher sales volume and 25% higher dividend receipts from the Hai Phong coal-fired power plant (HSX: HND).