They posting a net profit of $1.3 billion.

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.

VnEconomy-Hạ Chi