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Economics Update – Vietnam dong likely to strengthen in 2021F

Economics Note 10/11/2020    686

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  • As per data on 30 Oct, the Vietnam central bank-set exchange rate for VND/US$ rose only 0.2% YTD.
  • We revise up FY20-22F EPS forecast by 7.4%-12.9% on higher loan growth and NIM expansion.

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