ACB announced 2022 results with TOI of VND28.8tn (USD1.2tn; +22.2% YoY) and bottom-line net profit of VND13.7tn (USD583.7mn; +42.5% YoY), achieving 104.7% and 99.2% of our FY2022 forecasts, respectively. The strong increase in 2022 NPAT was mainly due to