Four major Vietnam-based subsidiaries of Samsung Electronics reported combined net profit of KRW1.48 trillion ($1.09 billion) in the second quarter of this year, down 13.5% year-on-year, as the Thai Nguyen facility incurred the sharpest drop, according to the group’s Q2 consolidated financial statements.
The four units are Samsung Electronics Vietnam Thai Nguyen (SEVT), Samsung Electronics Vietnam (SEV), Samsung Display Vietnam (SDV), and Samsung Electronics HCMC CE Complex (SEHC).
Samsung Electronics Vietnam plant in Bac Ninh province, northern Vietnam. Photo courtesy of the firm.
In April-June, SEVT, based in the northern province of Thai Nguyen, generated the biggest revenue at KRW11.07 trillion ($8.15 billion), up 24% year-on-year. However, it booked a profit of KRW534.99 billion ($394 million), down 34.4%
Samsung Electronics Vietnam (SEV), located in the northern province of Bac Ninh, followed with KRW6.71 trillion ($4.94 billion) in revenue, up nearly 24% from a year earlier, and KRW391.84 billion ($288.57 million) in profit, down 21.7%.
Samsung Display Vietnam (SDV), also in Thai Nguyen, reported KRW5.59 trillion ($4.12 billion) in revenue and KRW410.4 billion ($302.24 million) in profit, up nearly 32% and 45.7%, respectively.
Samsung Electronics HCMC CE Complex (SEHC), located in Ho Chi Minh City, posted revenue of KRW2.23 trillion ($1.64 billion) and profit of KRW138.95 billion ($102.3 million), up 12.6% and 26.1% year-on-year, respectively.
For the first six months of 2026, SEVT recorded KRW24 trillion ($17.66 billion) in sales and KRW1.6 trillion ($1.18 billion) in profit, up 22% and 33.4% year-on-year, respectively.
SEV earned a profit of KRW1 trillion ($745.95 million) on revenue of KRW13.56 trillion ($9.98 billion) in H1, up 23% and 15.4% from a year earlier, respectively.
SDV posted KRW10.52 trillion ($7.74 billion) in sales and KRW590.33 million in profit, up 32.7% and 46.8% year-on-year, respectively.
SEHC was the only one of the four plants to see a slump in H1 profit, which fell 8.4% year-on-year to KRW235.64 million ($173.43 million). Meanwhile, its revenue inched up 3.8% to KRW4.16 trillion ($3.06 billion).