VCB released 9M 2022 results with TOI of VND49.4tn (USD2.0bn; +18.1% YoY) and NPAT-MI of VND20.0tn (USD815mn; +29.2% YoY), achieving 72.6% and 68.5% of our FY2022 forecasts, respectively. The increase in NPAT-MI was mainly due to (1) a 21.6% YoY increase