South Korean conglomerate Samsung Electronics' four main factories in Vietnam contributed around 30 per cent of its global revenues in the first half of this year.
Their combined revenues rose by 8.6 per cent year-on-year to US$31.39 billion, reports e.vnexpress.net.
Samsung Thai Nguyen in the eponymous northern province was the top contributor with revenues of $13.81 billion, up 20.5 per cent.
It ranked second globally behind only Samsung Electronics America.
Its profits of $1.13 billion after a 30.2 per cent rise ranked it third globally behind Samsung Display Co. (South Korea) and Samsung Asia Pte. Ltd. (Singapore).
Samsung Display Vietnam in the northern province of Bac Ninh was the only unit in Vietnam to report a negative performance with both sales and profits declining.
Its revenues fell by 10.8 per cent to $6.8 billion and profits by a whopping 33.4 per cent to $283 million.
The results of the other two units in Vietnam, camera manufacturer Samsung Electro-Mechanics and battery maker Samsung SDI, were not reported.
Samsung has invested $22.8 billion to date in Vietnam. Its exports from the country rose by 5 per cent year-on-year in the first seven months to $33.5 billion.
Samsung's four Vietnam factories account for 30pc of global sales
FE Team | Published: September 18, 2024 22:43:34
Samsung's four Vietnam factories account for 30pc of global sales
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