Pyn Elite Fund has invested about 700 billion VND (23 million EUR) to purchase an additional 26 million MBB shares, increasing its stake in MBB to 12.4%. Despite strong business results, MBB was initially unpopular due to concerns about asset quality. However, the fund sees improvement due to a consensus on resolving issues with Novaland, a key client of MBB, along with government support measures to boost the electricity and real estate sectors. Pyn Elite Fund also predicts that 2024 will be challenging, with slower income growth due to impacts from the bond market. However, they expect reduced loan provisions and the passage of Resolution 42 in June will enable banks to process assets faster, creating additional income. In terms of the economic situation, public investment has recorded strong growth, and retail sales and exports are showing positive signs.
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