Samsung’s 4 subsidiaries in Vietnam posted combined revenue of $17.72 billion and net profit of $1.3 billion in the first quarter of 2026, underscoring the country’s growing importance in the South Korean tech giant’s global operations.
Among them, Samsung Electronics Vietnam Thai Nguyen (SEVT) reported net profit of 106.6 trillion won (approximately $709 million), marking a remarkable 176% year-on-year increase. According to Samsung’s first-quarter financial report, SEVT recorded the highest profit among the group’s global subsidiaries during the period.
SEVT, which operates smartphone and telecommunications equipment manufacturing facilities in Thai Nguyen Province, generated $8.6 billion in revenue, up 20.3% from the same period last year.
Other key Samsung entities in Vietnam include Samsung Electronics Vietnam (SEV) and Samsung Display Vietnam (SDV) in Bac Ninh Province, as well as Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City.
Together, the four subsidiaries achieved a 16.8% increase in total revenue, while combined net profit more than doubled from $642 million in the first quarter of 2025.
The latest report also revealed that Samsung has established a new legal entity in Vietnam, Samsung Vietnam Semiconductor (SVS), focused on semiconductor manufacturing. While the new subsidiary has yet to record significant financial activity, its launch signals Samsung’s expanding investment in Vietnam’s high-tech industrial sector.
Google translate