Samsung Electronics Vietnam gains $2b export turnover

Samsung Electronics Vietnam (SEV) Co Ltd, a 100 percent foreign invested firm, specialises in manufacturing and assembly of electronic products. With the strong investment in finance and technology, the company is posting rapid growth and development.

In April 2009, SEV officially started operations in Yen Phong I industrial zone.

In September 2010, SEV gained an export turnover of $1 billion.
After over five months of strives for production and investment, by the end of February 2011, SEV doubled its export turnover to $2 billion.

Currently, the company’s localisation rate reaches 20 percent.

With an export turnover of $300 million per month, the company expects to gain an export turnover of $5 billion by the end of 2011 and become one of foreign-invested firms with biggest export turnover in Vietnam.

Tags: Samsung Electronics Vietnam

Posted by VBN on Mar 3 2011. Filed under Appliances & Electronics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry