We attended CTG’s AGM on April 16, 2021. The main agenda included the bank’s 2021 business plans and the election of new members to the Board of Directors (BOD) and Board of Supervisors (BOS). 2021 targets include (1) credit growth of 7.5% vs our current assumption of 9%, (2) customer deposit growth of 8%-12% — in line with our current forecast of 9.1%, (3) NPL ratio to be kept below 1.5%, and (4) 2021 parent PBT of VND16.8tn (+2.4% YoY).