August trade surplus jumps on Samsung phone shipments

Samsung Electronics’ four subsidiaries in Vietnam reported first quarter profits were down 29 percent year-on-year with the LCD screen business posting losses.

Samsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd, according to Fitch Ratings.

A South Korean visitor was detained on Monday at HCMC’s Tan Son Nhat Airport with more than 400 used cell phones.  

Samsung said Monday it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers.

Weak H2 business results dragged down profits for most Samsung Electronics subsidiaries in Vietnam last year.

South Korean conglomerate Samsung is committed to a long-term presence in Vietnam as a major base for its global operations.

Vietnam’s largest private firm Vingroup launched four new phone models Friday, saying it aims to sell them internationally.

The number of Vietnamese suppliers to foreign firms remains low even though the latter have been in the country decades.

Samsung Electronics apologized Friday to workers who developed cancer after working at its semiconductor factories.

PM Nguyen Xuan Phuc has suggested that Samsung expands its scale to make Vietnam the group’s largest strategic base.

Xiaomi and Huawei were the two fastest growing mobile phone brands in Vietnam in the second quarter, technology industry analyst Counterpoint reports.

Samsung Group said it would invest $22 billion over the next three years in cutting-edge technologies.

Samsung is the largest foreign investor in Vietnam and accounts for around a quarter of the country’s total export revenue.