The figures were disclosed by Na Ki-hong, CEO of Samsung Vietnam, during a meeting with Assoc. Prof. Dr. Doan Minh Huan, President of the Ho Chi Minh National Academy of Politics (HCMA), in Hanoi on Friday.

According to Na Ki-hong, Samsung’s manufacturing facilities in Vietnam currently produce about 50% of the South Korean tech giant’s global smartphone output. New products, including the latest generation of foldable phones unveiled in July 2026, have received positive feedback in several international markets.

At about $39 billion, Samsung’s exports accounted for 12.2% of Vietnam’s total goods exports ($319.53 billion) in the seven-month period, down from 13.4% at the end of 2024, according to the National Statistics Office.

A key manufacturing and profit hub

Samsung officially entered Vietnam in 1995, opening its first factory in Ho Chi Minh City. The group now operates six manufacturing plants, an R&D center, and a sales entity across Bac Ninh province, Thai Nguyen province, Hanoi, and Ho Chi Minh City, employing about 85,000 people.

Samsung’s large-scale investment in Vietnam began to expand in 2008, when its first smartphone manufacturing project in Bac Ninh was licensed with an initial registered investment of $670 million.

By the end of 2025, Samsung’s cumulative investment in Vietnam had reached about $24 billion. Its Vietnamese operations generated $64.9 billion in revenue and $57.1 billion in exports that year.

Samsung Electronics’s financial statements show that four major manufacturing entities in Vietnam - Samsung Electronics Vietnam Thai Nguyen (SEVT), Samsung Electronics Vietnam (SEV), Samsung Display Vietnam (SDV) and Samsung Electronics HCMC CE Complex (SEHC) - posted combined revenue of about $62.1 billion in 2025, up 8% from a year earlier. Their combined net profit reached about $3.68 billion, an increase of 12.2%.

In the first quarter of 2026, the four entities posted combined revenue of nearly $17.7 billion, up 16.8% year on year, while net profit rose to nearly $1.3 billion, more than double the level recorded in the same period of 2025.

Samsung Electronics Vietnam Thai Nguyen (SEVT) led the group, reporting revenue of about $8.6 billion and net profit of roughly $709 million, up 20.3% and 176% year-on-year respectively. The results put it back at the top of Samsung Electronics’s disclosed major subsidiaries in terms of net profit for the first quarter.

Beyond smartphone manufacturing, Vietnam also serves as a production base for displays, electronic components, batteries, cameras and consumer electronics. In June 2025, Samsung’s two smartphone factories in Bac Ninh and Thai Nguyen reached a cumulative production milestone of 2 billion devices after 16 years of operations.

Deepening ties with Vietnamese suppliers

At the meeting, Na Ki-hong said Vietnam continues to hold a strategically important position in Samsung’s global growth strategy. The group will continue to identify, advise and support Vietnamese companies in upgrading technology and manufacturing capabilities so they can participate more deeply in global supply chains.

As of early 2025, Samsung said its supply network included 306 Vietnamese companies. Samsung and the Ministry of Industry and Trade have provided manufacturing-improvement consulting to 379 companies, trained 406 industrial-supporting-industry consultants, and conducted training programs for mold and die technicians.

Samsung’s $220 million R&D center in Hanoi, which opened in late 2022, is part of the group’s effort to expand its presence in Vietnam beyond manufacturing into research and development.

HCMA President Huan praised Samsung’s contributions to Vietnam’s economic growth, exports, employment, industrial development, and international economic integration.

He called on the Korean chaebol to further strengthen its role as a lead company, deepen links with domestic businesses, promote the transfer of knowledge, technology and management expertise, and work with Vietnam to develop human resources suited to the requirements of the digital economy.

The two sides also discussed Vietnam Outstanding Senior Program 2026 (VOSP 2026), a joint effort between the Ho Chi Minh National Academy of Politics and Samsung Vietnam that has been running since 2015.

The program aims to explore Samsung’s business philosophy, talent-development strategy, management model, and R&D and manufacturing ecosystem, while sharing practices that could be applied to management and innovation in Vietnam.

VOSP 2026 is scheduled to take place in South Korea in September, focusing on digital transformation, advanced technology, innovation, artificial intelligence, and management amid rapid technological change. The program is expected to feature sessions led by Samsung experts, alongside field visits to the group’s R&D and manufacturing ecosystem.

Huan called for more time to be allocated to field studies and for the partnership to be expanded from short-term programs into longer-term training models, combining study in Vietnam with research and experience activities in South Korea.

The Samsung representative said his group would work with the academy’s relevant departments to finalize VOSP 2026 and continue exploring suitable models for long-term training cooperation.