The primary manufacturing operations Samsung Electronics in Vietnam has reported steady revenue and profit growth through the first nine months of 2025, effectively countering recent international speculation about a production shift.

The South Korean parent company, the world’s largest maker of memory chips, smartphones and TVs, further emphasized its long-term commitment to the hub by announcing the historic appointment of a local Vietnamese national as vice-president of its largest manufacturing subsidiary, located near Hanoi.

The financial results affirm Vietnam’s continued role as a crucial strategic anchor in Samsung’s global supply chain for both smartphones and consumer electronics, despite pressures ranging from rising US tariff risks to domestic concerns over energy supply and the impending Global Minimum Tax standards.

The four major production entities of Samsung in Vietnam generated a combined revenue of 67.352 trillion Korean won, or about US$45.86 billion, for the nine-month period, marking a 5.53% increase year-on-year. Consolidated net profit for the group grew by 4.51% to US$2.97 billion.

Mixed unit performance highlights key trends

While overall growth was positive, performance varied across Samsung facilities in Vietnam. Samsung Electronics Vietnam Thai Nguyen ( SVET ), the company’s largest revenue generator in the country, which is located in Thai Nguyen province, saw sales increase by 10% to US$19.77 billion, though its net profit remained largely flat, down 0.46%. Notably, the company highlighted the operational stability of the Thai Nguyen facility during adverse weather events, praising the local authority’s long-term industrial planning.

The most dramatic result came from Samsung Electronics HCMC CE Complex ( SEHC ) in Vietnam’s southern economic hub – Ho Chi Minh City, which produces high-end consumer electronics. SEHC’s revenue grew 8.88% to US$3.94 billion, while its net profit soared by 47.32% to US$0.23 billion, reflecting significant efficiency gains.

Samsung Electronics Vietnam ( SEV ) in Bac Ninh province, another smartphone hub, also posted robust numbers, with SEV’s revenue up 11% to almost US$12.88 billion and net profit rising 8.67% to US$0.97 billion.

Local leadership appointment

In a major personnel development, Samsung confirmed on December 1 the appointment of Nguyen Hoang Giang, a 15-year veteran of Samsung Vietnam, as vice-president of SEVT.

This is the first time a local Vietnamese national has been appointed to such a senior executive role within a Samsung production entity in Vietnam, and the first time a local national globally has been appointed vice-president within any of Samsung Electronics’ smartphone production subsidiaries. Samsung Vietnam general director Na Ki Hong called the appointment “proof of the importance and excellence of the workforce in the manufacturing entity in Vietnam”.

The only manufacturing subsidiary to report a decline was Samsung Display Vietnam ( SDV ) in Bac Ninh province near Hanoi, which saw revenue drop 9.61% to US$9.26 billion and net profit dip 3.9% US$0.41 billion. However, this decrease by SDV is viewed by analysts as cyclical and tied to a massive capital deployment phase.

SDV is currently executing one of Samsung’s largest recent investments in Vietnam, having received three new investment certificates totalling US$3 billion since September 2024. This capital is being channelled into expanding its advanced OLED display production lines for mobile phones, IT devices and automotive screens – a strategic move positioning the country for future high-tech manufacturing growth.

Samsung currently operates six factories, one research and development ( R&D ) centre and one sales entity in Vietnam, making it the largest foreign direct investor in the country with a cumulative investment exceeding US$23.2 billion.

The group launched its US$220 million Hanoi R&D centre in December 2022 to support its global operations. The consistent financial results and confidence in local leadership show that, despite a challenging global economic climate and local hurdles, Vietnam maintains its stability, cost-effectiveness and strategic appeal to Samsung.