We attended VRE’s annual general meeting (AGM) on Wednesday, June 23. A total of 136 shareholders/authorized persons were present, accounting for 84% of VRE’s total outstanding shares. Shareholders approved 2021 guidance for revenue growth of 8% YoY and NPAT growth of 5% YoY to VND2.5tn (USD108.7mn). The modest growth guidance for 2021 earnings is mainly due to the prolonged negative impact of COVID-19 on business performance in 2021.