Local suppliers fuelled to meet higher standards

Local suppliers fuelled to meet higher standards

Samsung Electronics and the Ministry of Industry and Trade last month held a kick-off ceremony for a smart factory in the northern province of Vinh Phuc. Ngo Huu Tiep, group chairman of Haast Industry Vietnam – one of 14 domestic suppliers being supported – told VIR’s Kim Oanh about the factory’s role in fostering Vietnam’s supporting industries.
Samsung Electronics Q1 net profit up almost 60 percent

Samsung Electronics Q1 net profit up almost 60 percent

South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.
Samsung forecasts Q1 operating profit up 50.3% year-on-year

Samsung forecasts Q1 operating profit up 50.3% year-on-year

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.
Samsung Electronics not to move manufacturing base to RoK

Samsung Electronics not to move manufacturing base to RoK

Samsung Electronics has confirmed that it has relocated two smartphone production lines of its business partners from Vietnam's northern Thai Nguyen province to its Gumi plant in North Gyeongsang province of the Republic of Korea (RoK).
Vietnam and Samsung express wish for mutual support and partnership

Vietnam and Samsung express wish for mutual support and partnership

During a visit to the Samsung factory in Thai Nguyen, the corporation and the prime minister exchanged promises to foster each other's growth on the long-term.
Samsung seeks direct energy route

Samsung seeks direct energy route

The investment legal framework for Vietnam’s renewable energy market could change if Samsung gets government approval to buy renewable energy directly from power generators.
Samsung Electronics forecasts 25.7percent jump in Q4 operating profit

Samsung Electronics forecasts 25.7percent jump in Q4 operating profit

South Korean tech giant Samsung Electronics flagged a jump of more than 25 percent in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips.
Samsung Electronics Q3 net profit leaps after Huawei boost

Samsung Electronics Q3 net profit leaps after Huawei boost

Samsung Electronics' net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant's mobile and chip businesses were boosted by US sanctions against Chinese rival Huawei.
Vietnam’s significance conveyed by Samsung

Vietnam’s significance conveyed by Samsung

Samsung is expected to construct a battery manufacturing plant in Vietnam, in addition to its already-huge investments in the country.
Samsung Electronics chairman Lee Kun-hee dies at 78

Samsung Electronics chairman Lee Kun-hee dies at 78

Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said.
PM pledges optimal conditions for Samsung’s hi-tech projects

PM pledges optimal conditions for Samsung’s hi-tech projects

Vietnam will create optimal conditions for Samsung Electronics to invest in high technology projects, Prime Minister Nguyen Xuan Phuc said on October 20
SK Hynix in $9 bn deal for Intel's flash memory chip business

SK Hynix in $9 bn deal for Intel's flash memory chip business

The world's second-largest chipmaker, South Korea's SK Hynix, on Tuesday announced a $9 billion deal to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.
Samsung flags near-60% operating profit jump after Huawei boost

Samsung flags near-60% operating profit jump after Huawei boost

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.
Vietnam might become largest manufacturing facility of Samsung

Vietnam might become largest manufacturing facility of Samsung 6

Samsung Electronics will shift part of its Chinese TV factory to Vietnam while recategorising its SEHC factory as an export processing enterprise.
South Korean tech titans tracking cost advantage

South Korean tech titans tracking cost advantage

Recognising the vast potential of Vietnam’s developing IT industry, more South Korean high-tech tech firms are looking to ramp up their production in the Southeast Asian country.
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