ACB released 2021 results with TOI of VND23.6tn (USD1.02bn; +29.7% YoY) and bottom-line net profit of VND9.6tn (USD418mn; +25.0% YoY), both completing 101% of our forecasts. The increase in 2021 NPAT-MI was mainly driven by (1) a 29.9% YoY increase in NII