External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Vietnam Prosperity  Bank / Equity Bottom-Up

<ul><li>In 2022,the total assets of Vietnam Prosperity JSCB (VPB) increased by 15.2% YoY to VND631tr (US$26.9bn), driven mainly by loans to customers.</li><li>In detail, loans to customers reached VND424.7tn (US$18.1bn, +22.9% YoY), with outstanding growth of +32% YoY for retail banking.</li><li>Loan quality has sharply declined in the last two years, amid tailwinds from COVID-19 and headwinds from global economic turbulence.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

In 2022,the total assets of Vietnam Prosperity JSCB (VPB) increased by 15.2% YoY to VND631tr (US$26.9bn), driven mainly by loans to customers.In detail, loans to customers reached VND424.7tn (US$18.1bn, +22.9% YoY), with outstanding growth of +32% YoY for retail banking.Loan quality has sharply declined in the last two years, amid tailwinds from COVID-19 and headwinds from global economic turbulence.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vietnam Prosperity JSCB (VPB/Trading Buy): One-off events offset negatives