58% of Samsung smartphone revenue comes from Vietnam: PM

The Hanoitimes – Around 50% of Samsung’s smartphones and tablets are produced in Vietnam and exported to 128 countries and territories.

As of present, 58% of Samsung’s global smartphone sales globally come from its production facilities in Vietnam, according to Prime Minister Nguyen Xuan Phuc.

 Illustrative photo.

In 2008 – 2018, Samsung increased its investment in Vietnam from US$670 million to over US$17.3 billion, a 26-fold increase. According to Samsung’s statistics, around 50% of the giant’s smartphones and tablets are produced in Vietnam and exported to 128 countries and territories, including the US, Europe, Russia and Southeast Asia.

Last year, Samsung’s combined revenue in the global market reached US$221.6 billion, slightly up from US$217.8 billion in 2017, while after-tax profit increased from US$38.3 billion to US$40.3 billion. Tiếp tục đọc “58% of Samsung smartphone revenue comes from Vietnam: PM”

Vietnam Keeps Producing Its Own Smartphones, So Why Don’t They Sell?

Made-in-Vietnam phones make sense economically. The country dependent on factory work for the past 30 years is moving up the value chain into electronics. Smartphone developer Samsung Electronics has invested $17.3 billion in Vietnam-based factories, for example. Public schools emphasize science. University graduates who work for a foreign tech firm will know all the more about how to make a phone.

Tiếp tục đọc “Vietnam Keeps Producing Its Own Smartphones, So Why Don’t They Sell?”