Samsung Vietnam reports $2.3B profit in H1

Samsung Vietnam reported a profit of $2.3 billion in the first half of 2026, marking a significant increase from previous periods. The company's four main units in Vietnam, Samsung Thai Nguyen, Samsung Electronics Vietnam, Samsung Display Vietnam, and Samsung Electronics HCMC CE Complex, collectively posted revenues of $35.2 billion, a 21% rise.

Samsung Thai Nguyen, manufacturing mobile phones and telecommunications equipment, led the earnings with $16.2 billion and $1.08 billion in profits, up 22.4% and 33.4% respectively from the same period last year. Samsung Electronics Vietnam, the second in terms of revenues, reported $9.1 billion in sales and $670 million in profits.

The CEO, Roh Tae Moon, highlighted that these two phone factories have achieved cumulative exports of US$500 billion since their establishment in Vietnam 17 years ago. Samsung Display Vietnam also saw an uptick in revenues and profits. However, Samsung Electronics HCMC CE Complex was the only unit to report a decline in profits, falling from $180 million to $160 million.

Established in HCMC in 1995, Samsung Electronics is South Korea's largest privately owned conglomerate with diverse businesses spanning electronics, finance, heavy industry, and technology. With investments exceeding $24 billion in Vietnam, Samsung has become the country's largest foreign-owned business. Globally, Samsung reported impressive sales of $206 billion and profits of $80 billion in the first half of 2026, a nine-fold increase from the same period last year.

The surge in profits is attributed to the growing demand for storage and memory chips, driven by the expansion of artificial intelligence applications, particularly AI agents, which require greater computing capacity.