Samsung Electronics' key production bases in Vietnam saw both revenue and net profit rise in the first half of the year. With the growing demand for semiconductor components driven by the spread of artificial intelligence, the factories in Thai Nguyen and Bac Ninh have emerged as the focal points of this performance.
According to local media reports on September 3, Samsung's financial report for the first half of the year revealed that its local subsidiaries, including Samsung Thai Nguyen (SEVT), Samsung Electronics Vietnam Bac Ninh (SEV), Samsung Display Vietnam Bac Ninh (SDV), and Samsung Electronics HCMC CE Complex (SEHC), recorded total revenues of 52.25 trillion won. This marks a 21% increase compared to the same period last year.
Additionally, the net profit of these four subsidiaries rose by 23.5% year-on-year to 3.43 trillion won. As a result, Samsung Vietnam's revenue and profit both showed double-digit growth, contributing significantly to the company's overall performance. Samsung Vietnam accounted for 17.1% of Samsung Electronics' total revenue (305.37 trillion won) and 2.9% of its net profit (118.85 trillion won) for the first half of the year.
The highest-performing entity was Samsung Thai Nguyen, which produces mobile phones and communication equipment. It reported a revenue of 24.06 trillion won and a net profit of 1.60 trillion won for the first half, reflecting a 22.4% increase in revenue and a 33.4% increase in profit compared to the previous year.
Samsung Electronics Vietnam in Bac Ninh ranked second in terms of revenue, generating 13.56 trillion won, a 15.4% increase from the same period last year. Its profit rose by 23.1% to 1.01 trillion won, with a profit margin of 7.4%, the highest among the four subsidiaries in Vietnam.
Samsung Display Vietnam also saw significant growth, with revenues and profits reaching 10.52 trillion won and 590.3 billion won, respectively, marking increases of 32.7% and 46.8%. In contrast, the Samsung Electronics HCMC CE Complex was the only subsidiary to report a decline in profit, with revenues of 4.16 trillion won, a 3.8% increase year-on-year, but profits fell by 8.4% to 235.6 billion won.
In terms of export performance, the mobile phone production bases in Bac Ninh and Thai Nguyen surpassed a cumulative export revenue of $500 billion. Samsung Electronics CEO and Device Experience (DX) Division Head, Roh Tae-moon, announced on August 27 that the two mobile phone manufacturing facilities achieved this milestone by the end of June, having operated in Vietnam for 17 years.
New product successes were also highlighted, with Roh noting that the Galaxy Fold 8, launched in early August, has received positive feedback in the global market. This statement was made alongside the export achievements of the major mobile production facilities in Vietnam.
Samsung began its production in Vietnam in 1995 with a TV manufacturing plant in Ho Chi Minh City. Since then, it has expanded its investments, establishing itself as the largest foreign direct investment (FDI) company in Vietnam. By the end of 2025, Samsung's cumulative investment in Vietnam is expected to exceed $24 billion.
As South Korea's largest private conglomerate, Samsung's main businesses include electronics, finance, heavy industry, and technology. In Vietnam, it has expanded its operations primarily around mobile phones, communication equipment, displays, and consumer electronics manufacturing facilities.
On a global scale, Samsung's performance in the first half of the year also saw significant growth, with revenues of $206 billion and net profits of $80 billion. This represents a twofold increase in revenue and a ninefold increase in net profit compared to the same period last year.
Regionally, China emerged as Samsung's largest market, generating $59.7 billion in revenue, surpassing the $47.6 billion from the U.S. and the Americas.
The surge in Samsung's profits is attributed to the increased demand for memory semiconductors. Strong demand for high-bandwidth memory (HBM), as well as DRAM and NAND, has contributed to this positive performance. The expansion of AI applications requiring higher computational power has further increased the demand for related components.
Meanwhile, Samsung's four major factories in Vietnam have collectively increased their revenue and profits in the first half of the year, playing a crucial role in the group's overall performance. The factories in Thai Nguyen and Bac Ninh have been central to this growth, aligning with the rising demand for semiconductors that has improved Samsung's global profitability.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.