The super money Samsung invested in investments in Vietnam



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Monday 11/30/2020 13:58 PM (GMT + 7)

Samsung is currently targeting investment in three provinces and cities in Vietnam, including Bac Ninh, Thai Nguyen and Ho Chi Minh City.

Currently, the total registered investment capital of Samsung Vietnam is more than 17.5 billion USD.

In which, Samsung Electronics Vietnam invested $ 9.5 billion, including: $ 2.5 billion for Samsung’s Bac Ninh (SEV) factory; $ 5 billion for the Samsung Thai Nguyen (SEVT) factory and $ 2 billion to invest in the Samsung CE Complex (SEHC) project in the city’s high-tech park. Ho Chi Minh.

Samsung Group subsidiaries invested $ 7.863 billion, including: $ 6.5 billion for Samsung Display SDV in Bac Ninh; $ 133 million for Samsung SDIV, which specializes in the production of phone batteries in Bac Ninh, and $ 1.23 billion for SEMV.

Present in Vietnam since 1996, until now, Samsung has 4 factories in Vietnam, including: Samsung Electronics Vietnam (SEV) and Samsung Display Vietnam (SDV) are located in Bac Ninh, Samsung Electronics Vietnam Thainguyen (SEVT) in Thai Nguyen and Samsung Electronics HCMC CE Complex (SEHC) at HCMC.

In which, SEV and SEVT are the two largest Samsung mobile phone factories in the world, while SEHC is the largest Samsung home electronics factory in Southeast Asia.

SEV, the first Samsung factory in Vietnam, is located in Yen Phong 1 Industrial Park, the North’s largest FDI attracting industrial park, invested by Viglacera Corporation – JSC (Code: VGC).

Yen Phong 1 Industrial Park is 658 hectares in size, so far it has attracted more than 20 Korean companies such as Samsung, Orion, Dongsin, Mobase, Dawon Vina, Hansol, Ottogi, KCC, …

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The super money Samsung invested in Vietnam - 1

Samsung Vietnam’s total registered investment capital is more than $ 17.5 billion

After Bac Ninh, Samsung continues to open another Samsung Electronics Vietnam factory: Thai Nguyen (SEVT).

SEVT obtained an investment license in March 2013 and started operations in March 2014. This factory has a total investment of 5 billion dollars and is located in the Yen Binh Industrial Park (scale of 693 ha and total investment of 3,820 billion VND).

In 2019, the total revenue of these 4 subsidiaries is 76.730 billion won, equivalent to 1.57 million VND. When compared to Vietnam’s GDP in 2019, Samsung’s revenue is 26%. Compared to Vietnam corporations, large corporations, Samsung’s revenue in Vietnam in 2019 is 2.1 times higher than PVN (736,000 billion VND), 4 times higher than EVN (394,000 billion VND).

Source: http://danviet.vn/so-tien-sieu-khung-samsung-rot-vao-dau-tu-tai-viet-nam-502020301113592215.htm

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