Profit of Samsung’s 4 major Vietnam plants doubles in Q1, led by Thai Nguyen province site
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’s Q1 consolidated financial statements.
The four units - Samsung Electronics Vietnam Thai Nguyen (SEVT), Samsung Electronics Vietnam (SEV), Samsung Display Vietnam (SDV) and Samsung Electronics HCMC CE Complex (SEHC) - form a key part of Samsung’s global manufacturing network, producing more than half of the company’s worldwide smartphone output alongside other electronics products.
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’s $89 billion consolidated revenue during the period.
Samsung Electronics Vietnam plant in Bac Ninh province, northern Vietnam. Photo courtesy of Vietnam News Agency.
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.
Notably, it booked profit of KRW1.07 billion ($703.88 million), up 176%. The figure is the highest of all Samsung subsidiaries globally.
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.
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.
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.
Besides, Samsung’s 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.
Samsung has invested over $24 billion in Vietnam, making it the country’s 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.
In 2025, Samsung Vietnam recorded revenue of $64.9 billion and export value of $57.1 billion.
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