“Samsung Vietnam’s New Director Leads to Growth: Revenue and Profit Rise in Q2 with a Whopping 32.3 Trillion VND from 4 Factories”

Na Ki Hong has been appointed as the new CEO of Samsung Vietnam, effective March 1, 2025. He succeeds Choi Joo Ho, who was recently bestowed with the Third-Class Labor Order.

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The Korean Chaebol, Samsung, has released its financial results for the second quarter and the first half of this year. The figures show a 5.3% increase in global revenue, totaling 153.707 trillion won (110 billion USD) compared to 145.983 trillion won in the first half of 2024. During this period, the company’s profit decreased by 3.9%, from 55.786 trillion won to 53.627 trillion won (38.4 billion USD).

In Vietnam, Samsung operates four main factories: Samsung Thai Nguyen (SEVT) in Thai Nguyen province, Samsung Bac Ninh (SEV), Samsung Display Vietnam (SDV) in Bac Ninh province, and Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City.

For the second quarter of 2025, these four factories achieved a total revenue of 20.554 trillion won (388.5 thousand billion VND), a 2.6% increase year-over-year, while their profit surged by 25.8% to 1.707 trillion won (32.3 thousand billion VND). SEVT led the way in Vietnam, generating a revenue of 8.924 trillion won and a profit of 814.9 billion won during this quarter.

For the first six months of this year, while SEVT, SEV, and SEHC witnessed year-over-year revenue growth, SDV experienced a decline. SEVT maintained its leading position in Vietnam with 19.677 trillion won, followed by SEV with 11.755 trillion won, SDV with 7.930 trillion won, and SEHC with 4.010 trillion won.

The combined revenue of the four factories was 43.372 trillion won, a 3.2% increase. On a global scale, SEVT’s revenue is only surpassed by two US-based subsidiaries, Samsung Semiconductor and Samsung Electronics America.

In terms of profit, SEVT also tops the list among Samsung’s entities in Vietnam, with 1.200 trillion won, followed by SEV at 813 trillion won, SDV at 402 trillion won, and SEHC at 257 trillion won. The combined profit of the four factories amounted to 2.673 trillion won, a 9.1% decrease. Notably, SEHC’s profit doubled compared to the same period last year, and SDV saw a 6% increase, while SEVT and SEV experienced declines.

Mr. Na Ki Hong assumed the role of Samsung Vietnam’s new General Director on March 1, 2025.

As of now, Samsung’s presence in Vietnam comprises six factories, one Research and Development (R&D) center, and one sales entity. Samsung is the largest foreign investor in Vietnam, with a total investment capital of 23.2 billion USD.

A significant recent investment by Samsung in Vietnam was made in September 2024 when SDV committed 1.8 billion USD to Bac Ninh for the production of OLED screens for mobile phones, IT devices, and automobiles. In January 2025, Bac Ninh province granted an Investment Registration Certificate to SDV for an additional investment of 1.2 billion USD. In May 2024, the province presented another Investment Registration Certificate to SDV.

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