We attended TPB’s AGM on April 23. The main agenda of the discussion was 2021 business plans and increasing charter capital via a private placement of common shares.The Q&A session focused on a revised profit target for 2021, digital banking and Cir. 01 restructured loans. • 2021 guidance includes credit growth of 25% YoY (still awaiting the State Bank of Vietnam’s (SBV) approval), deposit growth of 20% YoY, NPL ratio of below 2%, and revised profit before tax (PBT) of VND5.8tn (USD252mn; +32%