Business

Samsung Vietnam’s 2021 revenue exceeds 74.2 billion USD

Despite difficulties due to COVID-19, Samsung Vietnam earned 74.2 billion USD in revenue last year, up 14 percent annually.
Samsung Vietnam’s 2021 revenue exceeds 74.2 billion USD ảnh 1Samsung Electronics Vietnam factory in Bac Ninh province (Photo: samsung.com)
Hanoi (VNA) – Despite difficulties due toCOVID-19, Samsung Vietnam earned 74.2 billion USD in revenue last year, up 14percent annually.

The company’s export value, meanwhile, hit 65.5 billion USD,up 16 percent on year, according to its 2021 business report released onJanuary 19.

Samsung Vietnam attributed the outcomes to its plants’serious implementation of pandemic prevention and control measures in line withregulations of the Vietnamese Government, particularly after the fourth wave ofoutbreaks began late April.

The company said it received comprehensive support from the Governmentand the authorities in localities where its factories are located, thus avoiding interruption to their operation.
 
Also in 2021, over 4 million Samsung foldable phones were sold worldwide, 4times that the volume recorded in 2020. Currently, more than 50 percentof Samsung phone products are produced in Vietnam. Smart mobile phones manufacturedat Samsung factories in the nation are being exported to 128 countries andterritories around the world.

Director General of Samsung Vietnam Choi Joo-ho said inresponse to the assistance of the Vietnamese Government, his firm will notchange its business strategy for the country.

By the end of 2021, Samsung Vietnam's total accumulatedinvestment capital hit 18 billion USD, 102 percent higher than the approvedinvestment capital in 2020./.
VNA
#COVID-19 #Samsung Vietnam #revenue 2021 #export #Samsung foldable phones #vietnam news agency #vietnamplus
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