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Samsung’s Vietnam subsidiary troubled by troubles in North America, Middle East

Samsung Electronics Vietnam Thai Nguyen (SEVT), the South Korean giant’s biggest subsidiary in Vietnam, says economic turbulence in North America and the Middle East have led to below-expectation results.

Companies - Thu, October 17, 2024 | 4:11 pm

Sales of Samsung's 4 major Vietnam plants up in H1, but profits fall

Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported combined revenues of KRW42,017.3 billion ($31.38 billion) in the first half of 2024, up 8.6% year-on-year, but post-tax profits decreased 2% to KRW2,939.7 billion ($2.2 billion).

Companies - Mon, September 9, 2024 | 8:07 am

Samsung Electronics America supports upgrade to 'market economy status' for Vietnam

Samsung Electronics America, Inc., under South Korean chaebol Samsung, has told the U.S. Department of Commerce that it supports Vietnam's bid to be recognized as a market economy.

Economy - Wed, July 24, 2024 | 10:27 am

Samsung appreciates DPPA in Vietnam, to expand renewable energy procurement: exec

Samsung Electronics Vietnam (SEV) will be able to strengthen its institutional foundations for securing renewable energy thanks to a new Vietnamese government decree on direct power purchase agreements (DPPA), the electronics giant said.

Energy - Wed, July 10, 2024 | 9:41 am

Samsung Electronics on the up in Vietnam after lackluster 2023

Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported combined revenues of KRW21,983.9 billion ($15.96 billion) in the first quarter of 2024, up 4.7% year-on-year, and post-tax profits of KRW1,583 billion ($1.15 billion), up 12.5%.

Companies - Mon, June 10, 2024 | 10:49 am

Many giants eye $2.54 bln LNG project in central Vietnam’s Ha Tinh province

Vietnam’s Vingroup, T&T Group and Hoanh Son Group, and South Korea’s Samsung Electronics have come forward as potential investors in the Vung Ang III Ha Tinh LNG power project in the central province of Ha Tinh.

Energy - Sat, March 16, 2024 | 11:44 am

Samsung’s Vietnam subsidiaries post 2-digit drop in sales, profit

Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported revenues of KRW81,146.7 billion ($60.83 billion) in 2023, down 11.83% year-on-year; and after-tax profits of KRW5,263.1 billion ($3.95 billion), down 13.09%.

Companies - Wed, February 21, 2024 | 1:59 pm

Samsung, Vietnam National University link up on semiconductor training

South Korean giant Samsung Electronics and the University of Engineering and Technology, under Vietnam National University Hanoi (VNU Hanoi), will cooperate on a masters course for semiconductor and chip training.

Companies - Thu, February 1, 2024 | 11:15 am

Sales of Samsung Vietnam subsidiaries falls, profits grow in Jan-Sep

Samsung's four subsidiaries in Vietnam made a total profit of KRW5,474.2 billion ($4.15 billion) in the first nine months of 2023, up 8.3% year-on-year, according to the South Korean giant's interim business report.

Companies - Mon, December 11, 2023 | 11:34 am

Samsung urges Vietnam to find global minimum tax solutions

The government and legislature of Vietnam should check and issue solutions related to the global minimum tax (GMT), Samsung Electronics president and CFO Hark Kyu Park has said.

Economy - Fri, November 10, 2023 | 10:54 am

LG Electronics to power up auto parts R&D in Vietnam

LG Electronics said Thursday it is ramping up research and development in Vietnam to serve LG’s rapidly growing electric vehicle-related business, following its Korean peer Samsung Electronics's launch of a $220-million R&D center in Hanoi in late December.

Industries - Thu, March 9, 2023 | 3:35 pm