VPB [BUY +35.5%] - Consumer finance loan forecast reined in for 2019 - Update 2018-11-16T17:16:35 Company Research We lowered our earnings forecasts by 12% to VND7.0tn (USD306mn, +9.2% YoY) for 2018, and 13% to VND8.2tn (USD358mn, +17.0% YoY) for 2019, as we cut our NII forecasts by 3% in 2018 and 7% in 2019 due to lower loan growth and NIM assumptions.