Samsung Electronics is a Korean multinational company, currently the largest foreign investor in Vietnam with a total capital of more than 19 billion USD.
Samsung Group currently owns large factories and companies in Vietnam with different strengths such as:
Samsung Electronics Vietnam (SEV) specializes in manufacturing electronic devices.
Samsung Display Vietnam (SDV) specialized in producing screens.
Samsung Electronics Vietnam Thainguyen (SEVT) manufactures telecommunications equipment.
Samsung Electronics HCMC CE Complex (SEHC) manufactures and sells electronic devices.
Samsung Vina Electronics (SAVINA) specialized in doing business on manufacture of electronic components and boards
Samsung Vina Insurance (SVI) provides insurance products (product and goods insurance, real estate insurance, liability and liability insurance, motor vehicle insurance,... ).
The presence of this large corporation has contributed to increasing Vietnam’s GDP and gradually turning Vietnam into a leading electronics exporter in the world.
In 2019 and 2020, Samsung’s companies in Vietnam brought in a total revenue of about VND 1.5 million billion. In which, the revenue of 4 large factories, namely SEVT, SEV, SDV and SEHC, accounted for the majority of total sales.
Samsung Electronics Vietnam Thainguyen is a large-scale enterprise and brings in the largest revenue for Samsung Vietnam with a revenue of about VND 550 trillion in 2020. Next are Samsung Electronics Vietnam and Samsung Display Vietnam with revenue of about 390 trillion VND. Although Samsung Electronics HCMC CE Complex has a small scale, it also contributes significantly to Samsung’s business results with a revenue of up to VND 125 trillion and finally Samsung Vina Electronics and Vietnam Insurance Company with revenue of VND 4 trillion and VND 270 billion.
In 2021, these companies all have growth in revenue compared to the same period last year. In which, Samsung Electronics Vietnam Thainguyen is the company that brought the most growth rate of 16% over the same period last year.
In terms of profits, in 2020, these companies brought Samsung a total profit before tax of more than 95 trillion VND (decrease 9% compared to the same period last year). However, compared to the results of Samsung Electronics in the world, this decrease is somewhat better.
In the last 3 years, SEVT has always been the leader in profit before tax among Samsung companies in Vietnam. Specifically, in 2020, SEVT brought a profit of nearly 42 trillion VND, accounting for 44% of the total profit. By 2021, the company’s profits are up 16% year-on-year.
In general, in 2021, profits before tax of companies tend to increase. Specifically, SDV brought Samsung nearly 20 trillion VND (increase 12% over the same period last year). SEV’s profit increased by nearly 10% year-on-year. However, it is worth noting that profit of SVI decreased by nearly 20% compared to 2020.
Although Samsung Vietnam previously fell into a state of decline in revenue and profit, by 2021, the group's business situation has achieved impressive growth.
Samsung Electronics is currently the largest FDI investor in Vietnam, with a large investment capital of Samsung, Vietnam has become Samsung's largest manufacturing factory abroad. Currently, in addition to building factories to produce components and assemble mobile phones, Samsung also invests in building research and development centers in Vietnam.
Vietdata
Comments