VCB - 1H result on target, new CEO - Visit Note

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We visited Vietcombank (VCB) and despite negative loan growth, the bank managed to reach 47% of its earnings target in 1H-2013. The bank insisted that it believes it can achieve credit growth of 12% yoy and earnings target of VND5,800bn (+0.6% yoy) this year.
Tags: VCB