TCB released its 2024 results with TOI of VND47.0tn (USD1.9tn; +17.3% YoY) and PBT of VND27.5tn (USD1.1tn; +20.3% YoY), fulfilling 94% and 99% of our respective FY2024 forecasts. These results imply that Q4 2024 PBT was VND4.7tn (-34.9% QoQ; +25.0% YoY).