VNM – Brief – [HOLD] – 3Q24: Recovery faced short-term challenges

In 3Q24, VNM reported net revenue of VND15,537bn (-0.6% yoy, -6.7% qoq), in which domestic revenue sit at VND12,928bn (-2.4% yoy, -4.4% qoq) and oversea revenue came in at VND2,609bn (+9.4% yoy, -16.2% qoq). At the bottom line, 3Q24 NPAT stayed flat at VND2,403bn (-5.1% yoy; -10.9% qoq).