VEA announced 2021 results, including revenue of VND4tn (USD174mn; +10% YoY) and NPAT-MI of VND5.8tn (USD251mn; +4% YoY). The earnings growth was driven by a 1% increase in shared profits from associates thanks to softer COVID-19 disruptions (i.e., factory shutdowns) on the operations of auto manufacturers in 2021 vs 2020 — which supported their profit margins — and a lack of provision expenses related to VEA’s own obsolete truck inventory in Q4 2021 vs VND246bn (USD11mn) in Q4 2020.