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South Korean firms report VAT refund delays in Vietnam
South Korean firms in Vietnam are experiencing delays in VAT refunds and other tax-related challenges, reports South Korean Ambassador to Vietnam, Choi Youngsam.
Samsung Q3 profit set to slump 80% as chip losses persist
Samsung Electronics' third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what is normally the South Korean tech giant's cash cow business.
South Korea to toughen punishments for technology leaks in chips, displays
South Korea said on Monday it will toughen sentencing for stealing industrial secrets, after concerns that current regulation was not strong enough to deter attempts to funnel technologies from companies like Samsung.
August 28, 2023 | 02:00 am PT
Samsung tax refund delayed for two years in HCMC
A Samsung subsidiary based in Ho Chi Minh City has not received a VAT refund of US$44 million for two years due to red tape.
August 16, 2023 | 07:47 pm PT
PM calls on Samsung to hire Vietnamese managers
Prime Minister Pham Minh Chinh has asked Samsung Electronics Vietnam to hire more Vietnamese as executives and managers.
August 2, 2023 | 06:07 pm PT
Samsung expects second-quarter profit to plunge more than 95%
Samsung Electronics said Friday it expects second-quarter operating profits to fall more than 95% on-year to their lowest level in 14 years, as a global glut of semiconductors continues to hurt its core memory sector.
July 6, 2023 | 08:52 pm PT
Samsung Electronics logs worst quarterly earnings in 14 years
Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.
April 26, 2023 | 07:35 pm PT
Samsung says Vietnam is 'global manufacturing hub'
Samsung considers Vietnam a global manufacturing hub and wants to make it a center of research and innovation, the South Korean giant’s CFO, Park Hark Kyu, has said.
April 13, 2023 | 06:49 pm PT
Vietnam seeks new investor incentives as cross-border tax rules loom
Vietnam has set up a special panel to find ways to stay competitive for investors when new OECD cross-border tax rules take effect, its central bank said on Tuesday, amid concerns it could negate the benefits of its current tax incentives.
March 21, 2023 | 07:17 pm PT
Samsung Vietnam exports $65B in 2022
Samsung Vietnam exported $65 billion worth of products last year, down 0.8% from 2021.
January 17, 2023 | 04:31 pm PT
Samsung's quarterly profit sinks to 8-year low on demand slump
Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices.
January 5, 2023 | 07:24 pm PT
Vietnam emerges as high-tech manufacturing hub
Global tech giants have continued to expand operations in Vietnam as the country becomes an increasingly trusted advanced technology manufacturing hub.
December 31, 2022 | 05:17 pm PT
Samsung opens its largest regional R&D center in Vietnam
The US$220-million Samsung R&D Center in Hanoi, the Korean conglomerate’s biggest research facility in Southeast Asia, was inaugurated Friday.
December 22, 2022 | 08:46 pm PT
Smartphone exports drop in November
Smartphone exports fell nearly 10% in volume and 7.4% in value in November after the country's largest manufacturer, Samsung Vietnam, lowered production the second time this year.
December 5, 2022 | 05:47 pm PT
Samsung's earnings slump on rapid drop-off in chip demand
Samsung Electronics Co Ltd flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them.
October 7, 2022 | 01:22 am PT
Samsung, SK Hynix to be spared brunt of China chip crackdown by US
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing's technological ambitions and blocking its military advances, sources said.
October 6, 2022 | 08:10 pm PT
iPhone sales more than double in Q2
iPhone increased its market share in Vietnam to 15.4% in the second quarter from 7.1% a year earlier to become the third largest seller in the country.
August 25, 2022 | 11:06 pm PT
Vietnam rises as a prominent player amid global chip race
Leading semiconductor manufacturers are increasingly expanding their operations in Vietnam as a global race heats up.
August 13, 2022 | 05:08 pm PT
S.Korea's Yoon pardons Samsung leader Jay Y. Lee
South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday.
August 11, 2022 | 08:01 pm PT
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