Doing business in Vietnam, Samsung has a profit of almost $ 4 billion, Formosa Ha Tinh has a loss of tens of trillion dong



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Samsung made a profit of almost 4 billion dollars, Formosa Ha Tinh lost more than 11.5 billion VND - Photo 1.

A corner of the Samsung Thai Nguyen production complex – Photo: BN

The results of the synthesis and analysis of the 2019 financial statements of companies with foreign investment (FDI) that the Ministry of Finance has just reported to the Prime Minister show a contrasting picture of the commercial performance of companies. billion dollar FDI industry in Vietnam.

According to this ministry, in 2019 Samsung Electronics Vietnam Company Limited (SEV Bac Ninh) and Samsung Electronics Thai Nguyen Company Limited (SEV Thai Nguyen), under the Samsung Group, obtained pre-tax profits of up to 85.918 billion VND. equivalent to almost 4 billion dollars.

These are also the 2 largest companies (DN) among 967 companies in the group of manufacturing electronic components, computers and computer peripherals, optical equipment, which are effectively investing in business in Vietnam. .

The income of SEV Bac Ninh, SEV Thai Nguyen accounts for 48% of the total income of the group of companies investing in the field of manufacturing electronic components, computers and computer peripherals, optical equipment.

SEV Bac Ninh has a total asset of more than 247,000 billion dong, capital of about 219,100 billion dong, the undistributed profit is about 205,000 billion dong.

Particularly in 2019, SEV Bac Ninh achieved revenue of about 447,000 billion VND, profit before tax of 37,300 billion VND, profit after tax was about 35,000 billion VND, budget payment was about 2,800 billion VND .

Similarly, SEV Thai Nguyen currently has total assets of around 277,000 billion VND, equity of 235,600 billion VND, the undistributed profit is about 227,000 billion VND.

SEV Thai Nguyen’s total revenue from production, business activities and financial activities in 2019 reached 657.6 billion VND, profit before tax was about 48.5 billion VND, profit after tax reached 46,000 1 billion VND, paid to the state budget 2 billion.

Samsung has a profit of almost $ 4 billion, Formosa Ha Tinh has a loss of more than 11.5 billion - Photo 2.

For many years, Formosa Ha Tinh suffered losses

Meanwhile, Hung Nghiep Formosa Ha Tinh Iron and Steel Company Limited (Formosa Ha Tinh), another billion dollar FDI company in Vietnam, posted a loss of tens of billions of billions of dong in 2019.

According to the Ministry of Finance, Formosa Ha Tinh’s total assets today are around VND 286.8 billion, the registered capital is VND 100.8 billion, the cumulative loss by the end of 2019 is around VND 25.380 billion.

In 2019, production and business income, Formosa Ha Tinh’s financial activities income reached about 72,000 billion VND, the loss in the year was more than 11,500 billion VND, the loss was 4.2 times more than in the same period in 2018. The amount paid to the state budget in 2019 of Formosa Ha Tinh is 51.6 billion VND.

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