Samsung Vietnam exports $65B in 2022
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Samsung Vietnam exported $65 billion worth of products last year, down 0.8% from 2021.
The company’s exports accounted for nearly 9% of Vietnam’s total trade turnover of $700 billion last year, Deputy Prime Minister Le Minh Khai said during a recent meeting with Park Hark Kyu, president of Samsung Electronics.
Khai also praised the company’s launch of its R&D center in Hanoi last month, which is Samsung’s biggest such facility in Southeast Asia.
Park said he has traveled to Vietnam more than 20 times to look for investment opportunities.
“For the last 10 years, every time I look back, I think that investing in a factory in Thai Nguyen Province was a wise choice,” said Park, referring to the northern locality where Samsung placed its key smartphone manufacturing plant.
To date, Samsung has invested $18.2 billion in Vietnam and plans to increase the figure to $20 billion.
Half of Samsung’s smartphones are produced in Vietnam.
Questions & Answers
Q.Did Samsung Vietnam's export value increase or decrease compared to the previous year?
Did Samsung Vietnam's export value increase or decrease compared to the previous year?
Samsung Vietnam's exports in 2022 were $65 billion, which represents a decrease of 0.8% from their export value in 2021. This figure was noted by Deputy Prime Minister Le Minh Khai.
Q.What proportion of Vietnam's total trade turnover did Samsung's exports represent?
What proportion of Vietnam's total trade turnover did Samsung's exports represent?
Samsung Vietnam's exports accounted for nearly 9% of the country's total trade turnover in 2022. Vietnam's total trade turnover for the last year was $700 billion.
Q.How much has Samsung invested in Vietnam and what are their future investment plans?
How much has Samsung invested in Vietnam and what are their future investment plans?
Samsung has invested $18.2 billion in Vietnam to date, with plans to increase this figure. The company intends to raise its total investment to $20 billion.
Q.Where is Samsung's key smartphone manufacturing plant located in Vietnam?
Where is Samsung's key smartphone manufacturing plant located in Vietnam?
Samsung's key smartphone manufacturing plant is located in Thai Nguyen Province, a northern locality in Vietnam. Half of Samsung's total smartphone production takes place in Vietnam.
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