Samsung Thai Nguyen rakes in US$2 billion from exports

(VOV) -More than three months since it was put into operation, the Samsung Electronics Vietnam Thai Nguyen (SEVT) earned nearly US$2 billion from exports, mostly smartphones and tablets (June statistics).

The plant had produced 5.4 million products in the reviewed period and the number is likely to rise to 6 million in late July.

samsung thai nguyen rakes in us$2 billion from exports hinh 0

It is expected to fetch US$8 billion in revenue this year and create 22,000 jobs for local people.

The SEVT started construction in March 2013 with total registered capital of US$2 billion. The facility was inaugurated on March 10, 2014 and earned US$90 million from exports in its first 20 days.

To date the SEVT and another Samsung plant (SEV) based in Bac Ninh province have made an enormous contribution to the country’s total export earnings.

Vietnam Customs statistics show the country’s total export value from mobile phones and spare parts hit US$12.3 billion in a period from January to July 15, a year-on-year increase of 14.6%. Samsung made up a large proportion of the total.