Ok, the line that concerns me is:
"
enP53p0s0.171: link pending udev initialization...
"

It looks like systemd-networkd thinks that udev is not done with
enP53p0s0.171 --> "pending", but configuring it with ip works - so could
be networkd or also udevd.

So lets expand the journal output with the udev messages and share it again:
journalctl -b -u systemd-networkd -u systemd-udevd --no-pager

Please can you also share the output of:
apt-cache policy systemd udev netplan.io

Investigations pointed me to:
https://github.com/systemd/systemd/issues/15445#issuecomment-776856604
(changing the interface name at some point could be interesting, too...)

Anyway, I'll mark this bug as affecting systemd now.

** Bug watch added: github.com/systemd/systemd/issues #15445
   https://github.com/systemd/systemd/issues/15445

** Also affects: systemd (Ubuntu)
   Importance: Undecided
       Status: New

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https://bugs.launchpad.net/bugs/1929657

Title:
  [Ubuntu 20.4.2]  vLan not getting static IP assigned (on s390x)

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