TPB released strong 9M 2021 results with TOI of VND9.9tn (USD431mn; +39.6% YoY) and bottom-line net profit of VND3.5tn (USD153mn; +45.3% YoY), completing 80.1% and 74.3% of our FY 2021 forecasts, respectively. The increase in NPAT-MI was mainly driven by