Samsung Thai Nguyen, Samsung Electronics Vietnam (Bac Ninh), Samsung Display Vietnam (Bac Ninh), and Samsung Electronics HCMC CE Complex posted combined revenues of $35.2 billion in the period, up 21%, according to Samsung’s latest financial report.
Samsung Thai Nguyen, which manufactures mobile phones and telecommunications equipment, reported the highest revenues and profits, $16.2 billion and $1.08 billion, among the four units. The figures represented increases of 22.4% and 33.4%.
Another phone factory, Samsung Electronics Vietnam, was second in terms of revenues, at $9.1 billion, while its profits topped $670 million.
Roh Tae Moon, CEO of Samsung Electronics, said these two phone factories in the northern region, after 17 years in Vietnam, achieved cumulative exports of US$500 billion as of the end of June.
Samsung Display Vietnam also reported increases in revenues and profits. Samsung Electronics HCMC CE Complex was the only one of the four to report a decline in profits, which fell from $180 million to $160 million.
|
Samsung Electronics Vietnam’s factory in Bac Ninh Province, Vietnam, 2025. Photo by Reuters |
Samsung is South Korea’s largest privately owned conglomerate, with core businesses spanning electronics, finance, heavy industry and technology.
Starting with a television manufacturing plant in HCMC in 1995, it has become Vietnam’s largest foreign-owned business with investments exceeding $24 billion as of the end of 2025.
Globally, Samsung reported sales of $206 billion and profits of $80 billion for the first half of 2026, representing increases of two and nine times from the same period last year.
China was its largest market, generating $59.7 billion in revenues and surpassing the U.S. and the Americas, which reported sales of $47.6 billion.
Analysts say Samsung’s surge in profits has been driven by storage and memory chips as artificial intelligence applications, particularly AI agents, expand into tasks requiring greater computing capacity.