{"id":28979,"date":"2026-05-25T09:52:13","date_gmt":"2026-05-25T09:52:13","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/28979\/"},"modified":"2026-05-25T09:52:13","modified_gmt":"2026-05-25T09:52:13","slug":"profit-of-samsungs-4-major-vietnam-plants-doubles-in-q1-led-by-thai-nguyen-province-site","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/28979\/","title":{"rendered":"Profit of Samsung\u2019s 4 major Vietnam plants doubles in Q1, led by Thai Nguyen province site"},"content":{"rendered":"<p style=\"text-align: left;\">Four major Vietnam-based subsidiaries of Samsung Electronics reported combined net profits of $1.29 billion in the first quarter of this year, more than double from a year earlier, according to the group\u2019s Q1 consolidated financial statements.<\/p>\n<p style=\"text-align: left;\">The four units &#8211; Samsung Electronics Vietnam Thai Nguyen (SEVT), Samsung Electronics Vietnam (SEV), Samsung Display Vietnam (SDV) and Samsung Electronics HCMC CE Complex (SEHC) &#8211; form a key part of Samsung\u2019s global manufacturing network, producing more than half of the company\u2019s worldwide smartphone output alongside other electronics products.<\/p>\n<p style=\"text-align: left;\">In January-March, the four Vietnam sites booked total revenue of $17.6 billion, up 16.8% year-on-year. As a result, they together accounted for 19.9% of Samsung\u2019s $89 billion consolidated revenue during the period.<\/p>\n<p>  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/4700-ss-1504.jpg\" alt=\"Samsung Electronics Vietnam plant in Bac Ninh province, northern Vietnam. Photo courtesy of Vietnam News Agency.\" width=\"660\" height=\"370\" data-img-mobile=\"\"\/>    Samsung Electronics Vietnam plant in Bac Ninh province, northern Vietnam. Photo courtesy of Vietnam News Agency.      <\/p>\n<p style=\"text-align: left;\">Among the subsidiaries, Samsung Electronics Vietnam Thai Nguyen (SEVT), based in the northern province of Thai Nguyen, generated the biggest revenue at KRW12.94 billion ($8.54 billion), up 20% from the previous year.<\/p>\n<p style=\"text-align: left;\">Notably, it booked profit of KRW1.07 billion ($703.88 million), up 176%. The figure is the highest of all Samsung subsidiaries globally.<\/p>\n<p style=\"text-align: left;\">Samsung Electronics Vietnam (SEV), located in the northern province of Bac Ninh, followed with KRW6.85 billion ($4.52 billion) in revenue and KRW609.63 million ($402.53 million) in profit.<\/p>\n<p style=\"text-align: left;\">Samsung Display Vietnam (SDV), also in Thai Nguyen, reported KRW4.93 billion ($3.25 billion) in revenue and KRW179.93 million ($118.81 million) in profit.<\/p>\n<p style=\"text-align: left;\">Samsung Electronics HCMC CE Complex (SEHC), located in Ho Chi Minh City, posted revenue of KRW1.94 billion ($1.28 billion) and profit of KRW96.69 million ($63.84 million), down 4.7% and 34.2% year-on-year, respectively.<\/p>\n<p style=\"text-align: left;\">Besides, Samsung\u2019s filing disclosed the establishment of a new wholly-owned entity, Samsung Vietnam Semiconductor (SVS), incorporated in Q1 as a semiconductor production subsidiary. SVS carried no material financial activity in the period.<\/p>\n<p style=\"text-align: left;\">Samsung has invested over $24 billion in Vietnam, making it the country\u2019s largest foreign investor. Beyond the four subsidiaries, the group also operates other major facilities such as Samsung SDI Vietnam, Samsung Electro-Mechanics Vietnam, and a major research and development center in Hanoi, with most of its manufacturing ecosystem concentrated in northern Vietnam.<\/p>\n<p style=\"text-align: left;\">In 2025, Samsung Vietnam recorded revenue of $64.9 billion and export value of $57.1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Four major Vietnam-based subsidiaries of Samsung Electronics reported combined net profits of $1.29 billion in the first quarter&hellip;\n","protected":false},"author":2,"featured_media":28980,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[127,276,19195,2195,19198,19196,19197,254],"class_list":["post-28979","post","type-post","status-publish","format-standard","has-post-thumbnail","category-samsung-electronics","tag-samsung","tag-samsung-electronics","tag-samsung-vietnam","tag-sdv","tag-sehc","tag-sev","tag-sevt","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/28979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=28979"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/28979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/28980"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=28979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=28979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=28979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}