ACB released inline results for Q1 2020 with NPAT-MI of VND1.5tn (USD66mn, +12.5% YoY), completing 22.1% of our full-year forecast. Annualized Q1 2020 ROA and ROE stood at 1.6% and 21.5%, respectively. NIM increased by 9 bps to 3.68% on YoY basis (-5 bps