DGW announced its Q1 2021 results, including revenue of VND5tn (USD218mn; +117% YoY) and NPAT-MI of VND107bn (USD5mn; +137% YoY), completing 28% and 27% of our respective full-year forecasts. These results reaffirm our view of strong earnings growth in 2021 for DGW and suggest no material changes to our current forecasts, pending a fuller review.