VIC reported Q1 2020 results with net revenue reaching VND15.4tn (USD668mn; -30% YoY) and NPAT-MI down 58% YoY to VND438bn (USD19mn). If excluding the consumer retail segment in Q1 2019, this quarter’s net revenue would grow 4% YoY. In addition, please find our details regarding the strategic divestment of VinCommerce as stated in our last update report, VIC [BUY +28.6%] - VinFast sales accelerate; coronavirus hurts Vinpearl, dated March 17, 2020.