Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
At their meeting in Hanoi, Na Ki-hong and Minister Thang also discussed matters related to additional corporate income tax (CIT) incentives for the Korean giant’s projects in the northern provinces of Bac Ninh and Thai Nguyen and in HCMC.
Thang said his ministry has reported to competent authorities on its plan concerning CIT incentives for Samsung’s projects in the aforementioned localities, adding that the matter is expected to be submitted to the National Assembly, Vietnam's legislature, for review and decision.
Finance Minister Nguyen Van Thang (right) meets with Samsung Vietnam CEO Na Ki-hong in Hanoi on May 20, 2025. Photo courtesy of Thoi bao Tai chinh Vietnam (Vietnam Financial Times).
Thang emphasized that South Korea remains one of Vietnam’s most important partners, ranking as the top foreign investor in Vietnam and the second-largest provider of ODA to the Southeast Asian country.
Samsung is Vietnam’s largest foreign investor, with approximately 100,000 Vietnamese workers. Alongside other FDI firms, the tech heavyweight has played a positive role in advancing Vietnam’s socio-economic progress and supporting the country’s efforts to overcome the Covid-19 pandemic, the minister noted.
Briefing Na Ki-hong on Vietnam’s macro-economic outlook, Thang noted that to achieve the growth target of at least 8% in 2025 and double-digit expansion between 2026 and 2030, Vietnam needs support of major corporations, particularly global players like Samsung.
The minister expressed hope that Samsung will continue expanding investment, developing more research centers, boosting localization, and promoting sustainable growth in high-tech industries.
Samsung Electronics HCMC CE Complex, a subsidiary of Samsung Vietnam in Ho Chi Minh City. Photo courtesy of Samsung Vietnam.
Regarding support policies in Vietnam, Thang affirmed that current tax regulations, both general and preferential, treat domestic and foreign investors equally.
He noted that each year, the Ministry of Finance collaborates with the South Korean Embassy in Vietnam to host a policy dialogue with Korean businesses, focusing on tax and customs regulations and administrative procedures.
On December 31, 2024, the Vietnamese government issued Decree No. 182/2024/ND-CP governing the establishment, management, and use of the Investment Support Fund. Corporations and businesses meeting the required criteria and conditions are eligible to receive assistance from the fund, Thang said.
In response, Na Ki-hong noted that the Vietnamese government, Ministry of Finance, and relevant agencies have consistently fostered a favorable business environment for foreign companies operating in the country, including Samsung.
Samsung has invested $23.2 billion in Vietnam, making it the largest foreign investor in the country. In 2024, Samsung Vietnam earned a revenue of $62.5 billion, including an export income of $54.4 billion. The number of Vietnamese vendors in the Samsung Vietnam ecosystem has reached 306.
Apart from Samsung Electronics HCMC CE Complex, Samsung’s key factories in Vietnam include Samsung Electronics Vietnam Thai Nguyen (SEVT) in the northern province of Thai Nguyen, and Samsung Display Vietnam (SDV) and Samsung Electronics Vietnam (SEV), both in the northern province of Bac Ninh.
The four factories posted a total profit of KRW966 billion ($689.4 million) in the first quarter of this year, down 39% year-on-year.
This was the lowest first-quarter profit recorded by Samsung Electronics Vietnam since 2016, according to the South Korean conglomerate’s Q1 consolidated financial statements.
Meanwhile, total revenue from the four factories rose slightly by 3.8% year-on-year to KRW22.8 trillion ($16.28 billion).
In March, Samsung Vietnam appointed Na Ki-hong as its general director, succeeding Choi Joo Ho.
- Read More
Mega golf-commercial-urban complex proposed for southern Vietnam city Can Tho
Vietnam Royal Investment Group JSC has proposed developing a 766-hectare golf-service-commercial-urban complex in the Mekong Delta city of Can Tho.
Real Estate - Fri, October 24, 2025 | 4:31 pm GMT+7
Sumitomo makes first hydropower investment in Vietnam
Sumitomo Corporation has made its first hydropower investment in Vietnam by acquiring a 49% stake in Mekong Electric Power Engineering and Development JSC which owns the 48 MW Dak Di 1 & 2 run-of-river hydropower project in Danang city.
Energy - Fri, October 24, 2025 | 3:42 pm GMT+7
Investors urge Vietnam to fix legal hurdles to LNG power projects
A group of investors in Vietnam’s gas-fired power sector has urged the country's parliament to address regulatory gaps that have stalled multi-billion-dollar LNG and domestic gas-fueled power projects, warning that delays could derail the country’s energy transition targets.
Energy - Fri, October 24, 2025 | 2:12 pm GMT+7
Central Vietnam province Gia Lai okays 3 large-scale wind power projects
Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).
Energy - Fri, October 24, 2025 | 12:01 pm GMT+7
HCMC pushes for early investment in Thu Thiem-Long Thanh railway project
The Ho Chi Minh City People’s Committee has emphasized the need for early investment and operation of a railway connecting Thu Thiem in the metropolis with Long Thanh International Airport in neighboring Dong Nai province.
Infrastructure - Fri, October 24, 2025 | 10:49 am GMT+7
Vietnam to let foreign investors place orders directly via global brokers
Vietnam plans to allow foreign investors to place orders directly through global brokerage firms, a move aimed at easing access to its stock market after a long-awaited upgrade to "secondary emerging" market status, a top regulator said.
Finance - Fri, October 24, 2025 | 8:28 am GMT+7
Vietnam business lobby urges easing of football betting limits
Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.
Finance - Thu, October 23, 2025 | 9:30 pm GMT+7
Powering growth from within
The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.
Economy - Thu, October 23, 2025 | 9:09 pm GMT+7
Vietnam's stock market regulator appoints 2 new vice chairpersons
The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.
Finance - Thu, October 23, 2025 | 4:14 pm GMT+7
Vinhomes chairman appointed CEO of VinSpeed
Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.
Companies - Thu, October 23, 2025 | 3:40 pm GMT+7
De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam
Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.
Industries - Thu, October 23, 2025 | 2:35 pm GMT+7
Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity
Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.
Companies - Thu, October 23, 2025 | 2:00 pm GMT+7
Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec
VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.
Finance - Thu, October 23, 2025 | 10:55 am GMT+7
Key factors helping firms export to demanding markets: DH Foods exec
Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.
Consulting - Thu, October 23, 2025 | 8:00 am GMT+7
Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam
Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).
Finance - Wed, October 22, 2025 | 9:00 pm GMT+7
Real estate major Novaland wins key approval for $5 bln project in central Vietnam
Novaland Group (HoSE: NVL), one of Vietnam’s leading property developers, has received investment approval for its flagship project worth $5 billion in the central province of Lam Dong after years of delay due to legal obstacles.
Real Estate - Wed, October 22, 2025 | 4:20 pm GMT+7




















