We increase our target price (TP) by 3.1% to VND27,000/share and upgrade our rating to OUTPERFORM from MARKET PERFORM. Our higher TP is driven by 8.3%/13.3%/8.9% increases in our 2019-2021 earnings forecasts and rolling forward our valuation date to mid-2020 while maintaining our target 2019F P/B at 1.6x. Our earnings revisions are mainly due to increases in our assumptions by 7.2%/10.6%/9.7% in NII for 2019-2021F.