We attended TPB’s AGM on May 27, 2020. The main agenda focused on the bank’s 2020 business plans and impact of COVID-19 on TPB’s current business operations. Management set 2020 targets for standalone PBT of VND4tn (USD174mn; +5% YoY), credit growth of 15%, total asset growth of 9%, total deposit growth of 7%, charter capital of VND10.2tn (USD438mn; +19%), and NPL ratio to be kept below 2.5%.