20
July
ACB-Brief-[Non-rated]-Profit growth stays flat
ACB released its results with 2Q23 PBT was down 1.7% yoy (to VND4,832bn) due to a high provision expense (+383%yoy). Strong TOI growth (+15.9% yoy) was the key contributing factor. Accumulated results, 1H23 PBT rose 10.6%yoy to VND9,989bn, completing 50% of 2023 target.