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THE INVESTOR

Samsung

Samsung seeks to increase Vietnam sales

  • PUBLISHED :May 17, 2017 - 17:39
  • UPDATED :May 17, 2017 - 17:39
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[THE INVESTOR] Korea’s top conglomerate Samsung Group expects sales of Samsung Electronics and three other units in Vietnam to spike more than 30 percent on-year in 2017, sources said on May 17.

Samsung Electronics, Samsung Display, Samsung Electro-Mechanics and Samsung SDI are targeting to post combined sales of US$60 billion in the Southeast Asian country this year, up 33 percent from the previous year.

The four group subsidiaries are also aiming to register US$50 billion in total exports, 25 percent more than a year earlier.

Samsung Vietnam General Director Han Myoung-sup unveiled the goals during a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc on May 17, according to the sources.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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