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  • Samsung Strengthens Global Audio Dominance With Strategic Acquisition Of Prominent Audiophile Brands

    Samsung Strengthens Global Audio Dominance With Strategic Acquisition Of Prominent Audiophile Brands

    Samsung, through its subsidiary Harman, has further solidified its standing in the global audio market following the acquisition of a number of prominent audiophile brands. This move builds on the Korean corporation’s already robust audio portfolio, which was boosted by an $8 billion deal to acquire Harman in 2016.

    Notable Acquisitions

    Samsung has significantly deepened its footing in the global audio industry by acquiring a host of legendary brands, including Bowers & Wilkins, Denon, Marantz, Polk, and others. These brands were acquired when Harman purchased Sound United, previously the consumer audio wing of Masimo. This move follows a significant legal payout by Masimo to Apple, amounting to $250.

    The acquisition, valued at $350 million and initially announced in May, is set to further enhance Samsung’s already impressive audio brand offerings. Prior to this deal, Samsung, via Harman, owned such popular brands as Harman Kardon, JBL, and AKG. The purchase of Sound United is referred to as a “strategic milestone” by Harman.

    Impacts on Samsung’s Products Line

    While the acquisition of Sound United is undoubtedly significant, it is unlikely to bear immediate changes in Samsung’s product line. For instance, consumers shouldn’t expect to find a Bowers & Wilkins speaker or headphones included with the Galaxy S26. Sound United will continue to function as a standalone business within Harman’s lifestyle division. The intent behind this arrangement is to allow each audio brand to maintain its distinct identity.

    Despite the preservation of individual brand identities, the newly acquired brands will have access to Harman’s resources to facilitate growth and expansion. Concurrently, Harman anticipates leveraging the expertise and talent that will be introduced via Sound United. This approach mirrors Samsung’s strategy with Harman, which operates autonomously.

    The Preference for Convenience Over High Fidelity

    While there is potential for Samsung to enhance its phone audio capabilities and dive deeper into mobile hi-fi, the overall market trend leans towards convenience. The majority of consumers prefer the comfort and ease of listening to compressed audio from streaming services via Bluetooth. This trend, which appears to have overcome the demand for high fidelity audio, is unlikely to change in the foreseeable future.

    Questions & Answers

    What brands did Samsung recently acquire?
    Samsung’s subsidiary, Harman, recently acquired several prominent audio brands, including Bowers & Wilkins, Denon, Marantz, Polk, and others through the purchase of Sound United.

    What impact will this acquisition have on Samsung’s product line?
    The acquisition is not expected to bring immediate changes to Samsung’s product line. Sound United will operate as a separate business under Harman’s lifestyle division, and each audio brand will retain its unique identity.

    What is the current trend in the audio market?
    The current trend in the audio market leans towards convenience, with most consumers preferring to listen to compressed audio from streaming services via Bluetooth. This trend seems to have overtaken the demand for high fidelity audio.

  • Samsung ‘shock’ as profits start to droop

    Samsung ‘shock’ as profits start to droop

    Samsung Electronics announced sharply lower earnings for the fourth quarter, an earnings “shock” that suggested that the “supercycle” in the global semiconductor market is nearing an end. Preliminary 2018 performance numbers released Tuesday predicted the local IT giant’s operating profit between October and December of last year would be 10.8 trillion won ($9.6 billion), down 28.71 percent year on year.

    This is the lowest figure since the first quarter of 2017’s 9.9 trillion won. Between those two quarters, operating profit had consistently stayed in the 14 to 17 trillion won range.

    Revenue for last year’s fourth quarter slumped 10.58 percent year on year to 59 trillion won. Last year’s third quarter saw record quarterly highs of 65.5 trillion won in revenue and 17.6 trillion won in operating profit.

    Local analysts had expected 13.4 trillion won in operating profit for the fourth quarter and 63.2 trillion won in revenue, according to the stock information provider FnGuide.

    Samsung did not reveal performance figures for different business divisions, but the company cited “slow demand” in semiconductors as a major factor in a public announcement the same day. The IT giant has three major business divisions: chips, smartphones and home electronics.

    The results for all of 2018 showed that the company had a record high operating profit of 58.89 trillion won, a 9.77 percent jump from last year, and 243.5 trillion won in revenue, up 1.64 percent year on year.

    Before starting to slow, semiconductors were the main contributors to Samsung’s high performance over the last two years.

    In the announcement, the company added that demand from data center clients in the fourth quarter had fallen short of expectations.

    “Shipping of memory chips retreated from the third quarter, and the price decline turned out to be bigger than what we expected earlier this year,” it said.

    One reason is because companies with data centers such as Amazon, Facebook and Microsoft bought large amounts of dynamic random-access memory (DRAM) chips during the last two years, which are now piling up.

    DRAM prices started to fall after more than a year of increases – another factor that is affecting demand as companies anticipate more price cuts.

    Slow growth in smartphone sales and one-off expenses including the company’s offering of incentives to staff at the year’s end also affected the profit level.

    Worries that the semiconductor supercycle was ending have surfaced for years, but Samsung and other chipmakers have reported strong earnings – until the fourth quarter.

    December’s chip exports from Korea retreated for the first time in 27 months. The general consensus among local analysts is that Samsung’s revenue will continue to shrink in the first half of this year.

    But they have a more positive outlook for the second half.

    “Memory chip prices will bounce back in the second half of 2019,” said analyst Lee Jae-yun of Yuanta Securities. “Because the supply growth rate of major chipmakers in 2019 will be 19 percent [year on year], whereas demand growth is expected to reach 20 percent.”

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  • Samsung Galaxy Tab A (2016) Makes it to Home Market in South Korea

    Samsung Galaxy Tab A (2016) Makes it to Home Market in South Korea

    A few days ago, the mid-range tablet of the Korean tech giant, the Samsung Galaxy Tab A (2016), officially made it to its home market in South Korea with a retail price of $430.
    While the tablet has a lot of market and sales potentials outside of South Korea, reports have it that its international release is still up in the air. Although it seems likely to happen, the Korean tech giant has not given an official word as of yet.

    One of the most interesting features of the Samsung Galaxy Tab A (2016) is the S Pen stylus, which previously comes only with its flagship tablets or phablets.

    The S Pen is actually what separates the new Galaxy Tab A (2016) from its predecessor models, which all came out without any stylus, reports Digital Trends.

    Samsung’s new S Pen has a thinner and more precise tip compared to its previous models. It also operates a revised menu system on the display and can be used to scribble notes on the lock screen and has various new features too.

    It also includes a translation mode, where hovering the pen over a foreign word will bring up a Google translation.

    More than commensurate to its price

    Launched in March 2016, the Samsung Galaxy Tab A (2016) tablet features a 7-inch display with a resolution of 800 pixels by 1280 pixels. For a mid-range tablet, its features are more than commensurate with its retail price.

    The Samsung Galaxy Tab A (2016) is powered by 1.3GHz quad-core and it comes with 1.5GB of RAM. The tablet packs 8GB of internal storage that can be expanded up to 200GB via a microSD card.

    As far as the cameras are concerned, the Samsung Galaxy Tab A (2016) packs a 5-megapixel primary camera on the rear and a 2-megapixel front shooter for selfies, details NDTV Gadgets.

    The Samsung Galaxy Tab A (2016) runs on Android 5.1 Lollipop out of the box and is powered by a 4000mAh nonremovable battery. It measures 186.90 x 108.80 x 8.70 (height x width x thickness) and weighs 283 grams. It is likely that it shall be readily upgradeable to Android 6.0.1 Marshmallow or the Android 7.0 Nougat.

    Connectivity options of the tablet include Wi-Fi, GPS, and Bluetooth. The various sensors on the tablet include a proximity sensor, an ambient light sensor, an accelerometer, and a gyroscope.

    A higher-end variant

    Despite its flagship features, the Samsung Galaxy Tab A (2016) is retaining its mid-range lineup category because its design and specifications, and most importantly its price, are quite similar to that of the Samsung Galaxy Tab A launched in April last year.

    There has been a report of a higher-end variant of the Samsung Galaxy Tab A (2016) which shall reportedly feature a 10.1-inch display, an Exynos 7870 processor, paired with 2GB of RAM.

    It shall also have 16GB of internal storage with an option to expand because of its microSD support.

    It shall feature an 8-megapixel rear camera, a 2-megapixel front-facing camera, a 7,300 mAh battery, and shall reportedly come laden with Android 6.0.1 Marshmallow already. Though with the official release last month of the Android 7.0 Nougat, it seems likely that the 10.1-inc version of the Samsung Galaxy Tab A (2016) shall have a free upgrade to the latest Google mobile operating system.

    samsung galaxy tab a

    It has also been said that the Samsung Galaxy Tab A (2016) shall have a widescreen ratio of 16:10, which is far better than the 4:3 ratio found on last year’s models.

    As far as the design of the device is concerned, the Samsung Galaxy Tab A (2016) looks very much like its predecessor but it will have a more rectangular shape because its display is going to be widescreen. The device shall reportedly be offered in black and white color options.

    The signature home button and capacitive buttons for back and tasks shall also be featured.

    Prior to its official roll out a few days ago, there have been reports saying that the Galaxy Tab A (2016) will come out of the market next year. The rumors are quite absurd considering the 2016 in the name of the tablet. It is likely that the 10.1-inch variant of the Samsung Galaxy Tab A (2016) and its international release shall happen before the end of the year.

    It should be worth noting that the flagship tablet line of Samsung, the Galaxy Tab S has 8-inch and 9.7-inch variants, and is quite different from the Galaxy Tab A (2016) which shall have a 10.1-inch and 7-inch models.

    However, only the 7-inch model of the Samsung Galaxy Tab A (2016) has been released to the Korean market thus far., It could be that the 10.1-inch version is meant for the international market. If the 7-inch version has a $430 price, then it is likely that the bigger variant shall come out with a higher price.

    The pricing seems more realistic now compared to reports before the official release of the 7-inch Samsung Galaxy Tab A (2016) this month indicating that the two variants of the mid-range tablet from the South Korean tech giant shall have a price range from only $190 to $240, which seems more like the prices of tablet made by manufacturers from China rather than Samsung.

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  • Hanwha gets smart about solar cell production

    Hanwha gets smart about solar cell production

    Hanwha Group has been striving to make the solar business its future growth engine since it first entered the industry in 2010, and that hard work is starting to pay off. Hanwha Q Cells, the group’s solar cell producer, is now one of the largest manufacturers in the industry, but competition is getting much tougher. Even some of the more established companies in Europe and the United States are struggling due to fast-growing Chinese manufacturers, according to Hanwha. As a result, the United States imposed tariffs on solar cell and module imports earlier this year.

    In a bid to tackle fierce competition and fortify its leadership, the group invested in making its new solar cell plant smarter using wearable gadgets, big data and robots.

    The Jincheon 2 plant, which started mass production of solar cells and modules in January, is an addition to the original complex built in 2016. With the first and second plant combined, the Jincheon facility is the largest single solar cell production site in the world, according to Hanwha, with 3.7 gigawatt production capacity.

    When we visited the solar cell production line on the third and fourth floor of the newly-built plant on Tuesday, some workers were moving busily from machine to machine wearing what looked like a smart watch.

    “It looks like a smart watch because we took the hardware from electronics companies like Samsung,” a spokesperson from Hanwha said. “But we applied our own software so that workers receive alarms when there are problems with the machines.”

    According to the solar cell maker, the watch does not provide a detailed cause or explanation of the problems, but it makes workers respond immediately to issues by alarming them with notices categorized into four stages – S, A, B and C – depending on the severity and complexity of the problem.

    The system means that just 40 workers are required to manage 220 machines lined-up horizontally in five production lines in the 330-meter-long (1082 feet) solar cell production room, according to Hanwha.

    Another unusual scene inside the plant was a huge stack of 200 solar cells moving around over workers’ heads.

    “We call it a cassette,” said Yang Byung-ki, a manager of cell production at Hanwha Q Cells Korea, the company in charge of cell production in Korea. “This automated overhead logistics system delivers solar cells quickly and safely to the next destination.”

    The automated delivery system moves cells through the 10 stages of production.

     

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  • Samsung announces important changes to Galaxy A series

    Samsung announces important changes to Galaxy A series

    Samsung has just announced that through a partnership with Google it will bring one of the most popular AI features to Galaxy A series devices. Samsung Galaxy S series can already activate Gemini AI through the side button, but this feature will soon expand to Galaxy A series phones.

    Thanks to the latest update, Galaxy A series users will be able to enjoy smarter AI experiences, such as launching Gemini, Google’s AI-powered assistant, by simply pressing and holding the side button.

    Samsung and Google have been working together to deliver seamless, intuitive and meaningful AI experiences, making the latest technology more accessible for more users. We’re excited that Galaxy A series users will now be able to activate Gemini faster and more naturally through a simple gesture that brings intelligent support into the flow of daily tasks.

    According to Samsung, the first Galaxy A series to enjoy the new AI feature are those phones it launched in the last two years. Below is the full list of Galaxy A series phones that have been confirmed to receive this update that will allow users to activate Gemini AI through the side button:

    Samsung Galaxy A series users will soon be able to activate Gemini from the side button | Image credit: Samsung

    It’s important to mention that the update that’s supposed to bring the new AI-oriented feature will be available only after the phones above have received their One UI 7 upgrade, which is scheduled to begin rolling out in May.

    Naturally, availability and supported features may vary by market, carrier and device model, which basically means that not everyone may get the update at the same time and not everyone’s phone might offer the same new functionality after the update.

    Three of the phones in the list will most likely be among the first to receive the new update because they were launched with One UI 7, so there’s no need to wait for that update to arrive. These phones are the Galaxy A56 5G, Galaxy A36 5G, and Galaxy A26 5G.

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  • A big change is coming next month to file sharing on Samsung laptops

    A big change is coming next month to file sharing on Samsung laptops

    If you’re using a Samsung laptop and rely on Google’s Quick Share for moving files around, get ready for a change. Samsung is taking the reins for the Quick Share experience on its own Windows machines starting May 28, 2025. This move consolidates the file transfer feature under Samsung’s control for its PC and laptop users.

    One app to rule them all

    This shift means the standalone Quick Share app provided by Google will be phased out on Samsung laptops (and PCs). According to the release notes for the latest Quick Share app update from Google (version 1.0.2180.0), come May 28th next year, attempting to use the Google version on a Samsung laptop will prompt you to install Samsung’s own Quick Share application instead.

    Google has already updated its app, paving the way for this transition. The application has been renamed from “Quick Share from Google” to simply “Quick Share”, and crucially, compatibility with Samsung’s version has been added.

    Streamlining the sharing process

    This move aims to streamline the file-sharing experience for users within the Samsung ecosystem. For a while now, there have been two “Quick Share” experiences floating around: Google’s Nearby Share (which was rebranded to Quick Share early last year) and Samsung’s own Quick Share feature, which predates Google’s widespread adoption of the name. This created some confusion, especially when sharing between Samsung phones, non-Samsung Android devices, and Windows PCs.

    Google and Samsung announced plans to merge these experiences back in early 2024, aiming for a unified file-sharing solution similar to Apple’s popular AirDrop feature that works seamlessly between iPhones, iPads, and Macs. Other alternatives like Microsoft’s Phone Link also offer ways to bridge phone and PC, but Quick Share focuses specifically on rapid, direct file transfers. This upcoming change on Samsung laptops is the next logical step in that consolidation effort, ensuring Samsung users have a consistent experience managed directly by Samsung across their Galaxy phones and Galaxy Book computers.

    Handing control over to Samsung for its own laptops makes a lot of sense. It should reduce confusion and hopefully lead to a more integrated and seamless file-sharing process for people invested in Samsung’s hardware. While swapping apps might involve a quick download and potentially getting used to a slightly different interface, having a single, manufacturer-managed Quick Share application on Samsung PCs is ultimately a positive step. It moves towards a less fragmented experience when you just want to send a photo or document from your phone to your laptop quickly, simplifying a common task.

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  • Samsung Foundry drops further behind TSMC after disasterous Q4

    Samsung Foundry drops further behind TSMC after disasterous Q4

    TSMC is the largest contract chip foundry in the world. Looking at its roll call of customers, you can see why it is number one. After all, the Taiwan-based foundry manufactures chips based on designs submitted by companies such as Apple, Nvidia, AMD, MediaTek, Qualcomm, and Broadcom. Data compiled by TrendForce that The Chosun Daily published says that during the fourth quarter of 2024, TSMC’s market share rose 2.4 percentage points to 67.1%.
    That means approximately two out of every three chips produced during the last three months of the year were built by TSMC. As for second-place Samsung Foundry, its market share dropped 1 full percentage point from 9.1% to 8.1% during the same quarter. Sammy’s foundry has had to deal with poor yields on its advanced chips, which this year resulted in the use of Qualcomm’s Snapdragon 8 Elite for Galaxy application processor (AP) on every Galaxy S25 series unit.
    A repeat could be in store for next year’s Galaxy S26 line unless Samsung Foundry can hike its yield on 2nm production from the current 30% before mass production of the Exynos 2600 AP begins. If there is enough of an improvement, the Exynos 2600 SoC will power the Galaxy S26 and Galaxy S26+ in all markets except for the U.S., China, and Canada.
    But we digress. The gap in market share between TSMC and Samsung Foundry increased sequentially from 55.6% in Q3 to 59% in Q4. TrendForce says that TSMC is benefiting from the AI buzz as demand for Nvidia’s GPU chips used for AI training, inference (predictions and decisions), and computing picks up. Those chips are made by TSMC.
    Also helping TSMC is the demand for high-end smartphone chips including those used to power the iPhone, and Samsung’s flagship Galaxy S and foldable Galaxy Z models. Starting this year the new Tensor G5 AP, designed by Google from the ground up, will be built by TSMC using its third-generation 3nm node (N3P) and deployed in the Pixel 10 line. That is the same node that TSMC will use to build Qualcomm’s Snapdragon 8 Elite 2 for next year’s Galaxy S26 Ultra.
    You might be wondering which foundry is in third place behind Samsung Foundry. That would be China’s largest foundry, SMIC. While the latter appears to be handling the production of Huawei’s APs, it also could be making some money building Huawei’s Ascend AI accelerators. Long-time PhoneArena readers probably are aware that thanks to U.S. sanctions, SMIC cannot purchase extreme ultraviolet lithography machines preventing SMIC from building chips using a process node more advanced than 7nm.
    TSMC generated $26.85 billion in revenue during Q4 2024, a gain of 14.1% year-over-year. Samsung Foundry’s Q4 revenue declined 1.4% to $3.26 billion.
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  • South Korean firms plan to expand investment in Vietnam

    South Korean firms plan to expand investment in Vietnam

    South Korean conglomerates, including SK Group, Samsung, and LG, are expanding their investments in Vietnam, focusing on energy, high-tech manufacturing, and sustainable development.

    SK Group, the second-largest conglomerate in the country, has planned to invest in three LNG-fueled power projects in Vietnam, aiming to develop a new energy hub integrating artificial intelligence development, hydrogen, logistics, eco-friendly agriculture, and innovation in the Southeast Asian nation.

    In meetings with Party General Secretary To Lam and Prime Minister Pham Minh Chinh last week, SK Group Chairman Chey Tae Won said his firm is actively seeking opportunities to enhance support for and cooperation with Vietnam to promote long-term, sustainable economic growth.

    SK has already invested around $3.5 billion in Vietnam. However, most of the sum is indirect investment, involving equity purchases worth hundreds of millions to over a billion dollars in major companies such as Vingroup, Masan, Pharmacity, and Imexpharm.

    The Ecovance high-tech biodegradable materials plant in the northern port city of Hai Phong is the first direct investment project of SK in Vietnam. SK is investing in the project through a subsidiary at the DEEP C Industrial Park, with a total investment of $500 million. The project targets the rapidly growing global biodegradable materials market.

    Chey stated SK considers Vietnam a priority partner in its investment strategy in the coming time, adding the firm is eager to participate in Vietnam’s green transition, especially in energy and industry, thus contributing to the Southeast Asian nation’s goal of cutting emissions to net zero by 2050.

    Meanwhile, Samsung Display of South Korea has been approved to inject an additional $1.2 billion into its existing next-generation display manufacturing plant in the northern province of Bac Ninh. This investment aims to establish Vietnam as a key production hub for Samsung’s next-generation displays.

    In a recent meeting with Prime Minister Pham Minh Chinh, General Director of Samsung Vietnam Choi Joo Ho, and his successor, Na Ki Hong, stated that, in addition to its traditional investment areas, Samsung will expand its investments in Vietnam into new sectors.

    Samsung has invested over $23 billion in Vietnam, and continues to inject billions of dollars annually. With its new plans, more billion-dollar projects are likely to be added to Samsung’s investment portfolio in the Southeast Asian nation.

    Besides Samsung, LG has also been steadily increasing its investments in Vietnam. Last year, it poured billions of dollars into the LG Display project in Hai Phong. Looking ahead, LG plans to further expand its investments in the country.

    Other giants such as Hyosung, Amkor, and Hana Micron are also looking to expand their investment and business in Vietnam.

    After investing $520 million, Amkor decided to inject an additional $1.07 billion into its plant in Bac Ninh, 11 years ahead of its schedule. Recent reports indicate that Amkor’s plant is expected to triple its production capacity in the near future.

    South Korea’s registered investment in Vietnam hit $1.25 billion in January alone, much higher than the figure of $93.46 million recorded in January last year.

    South Korean investors have poured $92 billion into Vietnam, ranking first among countries and territories investing in the Southeast Asian nation, statistics showed as of January 2025.

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  • Samsung Electronics’ Vietnam profits drop 11%

    Samsung Electronics’ Vietnam profits drop 11%

    Samsung Electronics’ profits in Vietnam declined by 11.4% last year to US$3.2 billion, its latest financial reports show.

    Its revenues remained almost unchanged at $56.7 billion.

    Globally, the South Korean giant saw profits surge 122% to $25.3 billion on 16% higher revenues of $220 billion.

    The four main facatories in Vietnam, Samsung Thai Nguyen, Samsung Electronics Vietnam Bac Ninh and Samsung Display Vietnam Bac Ninh in the north, and Samsung Electronics HCMC CE Complex, contributed 25% to total revenues.

    Smartphone manufacturer Samsung Thai Nguyen earned revenues of $22.9 billion, up 7.6% from 2023.

    It was the third biggest contributor to sales behind Samsung Electronics America and Samsung Semiconductor, also in the U.S.

    But its profits fell by 7.2% to $1.4 billion.

    Samsung Electronics Vietnam, another smartphone producer, posted a revenue increase of 5.7% to $14.8 billion.

    Its profit jumped 18.9% to $943 million.

    The display producer Samsung Display Vietnam saw both revenue and profit declining.

    Its revenue fell 15.7% to $14.2 billion while profit dropped by half to $583 million.

    The display unit, however, continued to invest substantially in Vietnam last year.

    In September it signed a memorandum with Bac Ninh Province for the development of a screen and electronic parts project worth $1.8 billion.

    Last month Bac Ninh authorities granted an investment certificate for the subsidiary to pump up its capital by 18% to $7.7 billion.

    For the HCMC unit, which makes TVs, profit dropped 5% to $365 million last year, while revenue rose 13.9% to $4.9 billion.

    Samsung is the biggest foreign investor in Vietnam with $23.2 billion in registered capital.

    Its executives earlier this month have affirmed its commitment to expand its investment in Vietnam, including in new sectors such as semiconductor and AI.

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  • Samsung to invest in AI, semiconductors in Vietnam

    Samsung to invest in AI, semiconductors in Vietnam

    South Korean electronics giant Samsung is set to expand into new areas in Vietnam such as AI, semiconductors and digital transformation.

    CEO Choi Joo Ho told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Wednesday that the largest foreign direct investor in Vietnam expects support from the government in making investments in these areas.

    Samsung has so far invested $23.2 billion in Vietnam and exported $54.4 billion worth of products last year.

    Chinh promised continued support for the company in investing in efficient and successful businesses in Vietnam.

    Samsung needs to continue to maintain its leading position by developing supporting industries, chips, semiconductors and promoting digital transformation in Vietnam, he added.

    The government targets 8% GDP growth this year and double-digit expansion in the coming years.

    To achieve the goals, it needs to improve the investment environment and foster strategic breakthroughs.

    Chinh urged Samsung to set up training centers at the National Innovation Center, increase its investment in Vietnam and support start-up and innovation activities.

    He also suggested that the company should have more Vietnamese executives and increase the number of local digital technology enterprises in its ecosystem.

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  • Samsung, Vinpearl, Vinamilk among most popular recruiters in Vietnam

    Vinamilk, Vinpearl, Samsung Electronics HCMC and McDonald’s are among the most popular recruiters in Vietnam this year, according to recruitment platform CareerViet.

    The top five recruiters in the large business category are Vinamilk, Vinpearl, Samsung Electronics HCMC CE Complex, Masan Consumer and FPT IS, while the top five in the medium business category are McDonald’s, Guardian, Prep Technology, Nabati and Petrovietnam Securities Incorporated (PSI), according to a CareerViet survey on over 5,720 businesses from July 7 to October 31.

    Vinpearl is the leading recruiter in food and beverage, accommodations and tourism, while the Hoa Sen group is the leading recruiter in construction, architecture and interior design. PNJ is the leading recruiter in retail, while Bim Group is the leading recruiter in real estate.

    Popular recruiters are liked not only due to their attractive benefits, diverse working environments and incentives for personal development, but also thanks to their own brands, CareerViet said.

    The survey also revealed that while Gen X workers prioritize stability and long-term benefits, Gen Y values development and work-life balance while Gen Z focuses more on flexibility, salaries and personal development.

    83% of Gen Z workers surveyed said the main factors for them choosing their jobs are salaries and benefits, followed by working styles. They prefer workplaces that ensure holiday bonuses, have shorter working hours or offer hybrid working methods.

    “They love a job with high incomes and ensures flexibility. 90% of Gen Z workers want to be trained in new skills, including communication, problem-solving, foreign languages, management and leadership,” said Tran Lien Phuong, director of research and strategic consulting at Amco Vietnam.

    Workers’ perspectives from different generations will by a key factor for businesses to improve their HR policies, CareerViet said, adding that a workplace with different worker generations will help make it more competitive.

    “A business’s success is not only shown through its business performance, but also policies to attract, keep and develop talents,” CareerViet said.

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  • Samsung to invest $1.8B more in northern Vietnam

    Samsung to invest $1.8B more in northern Vietnam

    A subsidiary of South Korean electronics giant Samsung that has operations in the northern province of Bac Ninh is set to invest another US$1.8 billion there.

    The memorandum of understanding for investment by Samsung Display Vietnam, which was signed Sunday and witnessed by Prime Minister Pham Minh Chinh, is meant for expansion.

    Samsung Display Vietnam reported profits of $283.6 million on revenues of $6.8 billion in the first half of this year.

    Samsung, the biggest foreign investor in Vietnam, has $22 billion in the country, half of it in Bac Ninh province.

    Four factories in Vietnam contributed around 30% of Samsung’s global revenue in the period.

    Bac Ninh authorities on Sunday announced approvals for $5.5 billion worth of foreign investments in various projects, including by Apple suppliers Foxconn and GoerTek.

    The government seeks to make the province a dynamic economic and cultural hub of the north linked with Hanoi.

    By 2050 Bac Ninh hopes to become among the economic leaders of Vietnam. It also aspires to become one of the top global centers for high-tech industries, research and development and smart manufacturing.

  • Samsung promises ‘strong investment’ in Vietnam in next 3 years

    Samsung promises ‘strong investment’ in Vietnam in next 3 years

    South Korean electronics giant Samsung has planned “strong investment” in Vietnam in the next three years to make the country its biggest display module producer globally, its chairman Lee Jae Yong has said.

    “Vietnam’s success is Samsung’s success”, he told Prime Minister Pham Minh Chinh in Seoul on Tuesday, adding that Samsung commits to journey with Vietnam in the long run.

    In May the chairman told PM Chinh that Samsung would invest around $1 billion in Vietnam each year.

    Chinh praised Samsung’s success in Vietnam and asked the company to diversify its supply chain in the country and make the country its strategic location for manufacturing and research.

    He added that Vietnam’s is making policy changes to attract investors in the high-tech, semiconductor and AI sectors.

    Vietnam is also making negotiations for new free trade agreements to expand its exports to the Middle East, South America and Africa, which will help distribute Samsung products to these markets.

    The PM urged Samsung to increase the localization of manufacturing and allow Vietnamese firms to participate deeper in its supply chain.

    He wants Samsung to provide high quality training of Vietnamese staff.

    Lee said that 310 Vietnamese companies are now Samsung suppliers, and the number has surged 12 times from 2014.

    Around 2,500 engineers and researchers are working at its research and development center in Hanoi, where Samsung is researching AI and 5G equipment.

    Chinh added that in the near future he hopes to see a Vietnamese executive in Samsung Vietnam’s board.

    Samsung is the biggest foreign direct investor in Vietnam with four factories in the country with a total investment of $2 billion to date.

    Over 50% of its smartphones sold globally are made in Vietnam.

    Prime Minister Pham Minh Chinh and his wife are on an official visit to South Korea from June 30 to July 3 at the invitation of South Korean Prime Minister Han Duck-soo and his spouse.

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  • Samsung factories in Vietnam back in the black after losing quarter

    Samsung factories in Vietnam back in the black after losing quarter

    Samsung’s four factories in Vietnam made a combined profit of US$1.2 billion last quarter after losing $181 million in the fourth quarter of 2023. Samsung Thai Nguyen (SEVT), the Korean conglomerate’s best-performing plant in Vietnam, accounted for $707 million.

    The two plants in Bac Ninh Province, Samsung Electronics Vietnam (SEV) and Samsung Display Vietnam (SDV), contributed $300 million and $123 million. Samsung Electronics HCMC CE Complex (SEHC) was $40.7 million in the black.

    They accounted for 23% of their parent’s quarterly profit. Their revenues totaled $16.25 billion, up nearly $2 billion from the previous quarter.

    In the final quarter of 2023 SEV, SEVT and SEHC reported combined losses of nearly $221 million, with SDV being the only profitable operation.

    Last quarter Samsung achieved global revenues of 71.92 trillion won ($54 billion), up 13% year-on-year.

    It said revenues increased thanks to the sales of the Galaxy S24 smartphone series and higher semiconductor prices.

    The depreciation of the won against major currencies had a positive impact on profits, it said.

    During a meeting with Prime Minister Pham Minh Chinh last month, the company’s CFO, Park Hark Kyu, said it plans to invest a further $1 billion annually in Vietnam to add to its existing $22 billion.

    It also plans to increase its number of local suppliers and enhance training for its workforce, he said. Since 2014 the number of Vietnamese businesses involved in Samsung’s supply chain has increased 12-fold to 309 now. It is the largest foreign direct investor in Vietnam, where it currently produces over 50% of all its mobile phones.

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  • Samsung plans to add $1B to Vietnam investment annually

    Samsung plans to add $1B to Vietnam investment annually

    Samsung plans to add about US$1 billion to its investment in Vietnam annually, Chief Financial Officer (CFO) of Samsung Electronics Park Hark-kyu said as he met with Prime Minister Pham Minh Chinh in Hanoi Thursday.

    PM Chinh applauded Samsung’s efforts and determination while doing business in Vietnam, calling on the firm to view Vietnam as a strategic manufacturing and export base.

    He affirmed that the Vietnamese government always attaches importance to improving the investment climate and pledges to create favourable conditions for long-term operations of foreign enterprises.

    It will continue providing optimal conditions for the projects of Samsung to operate fruitfully and develop sustainably in Vietnam in the spirit of harmonising interests and sharing risks, he said.

    Park noted Samsung has invested $22.4 billion in Vietnam so far and plans to add about $1 billion to its investment in the Southeast Asian country annually.

    Aside from research, development, manufacturing, and export of electronic and high-technology products, the group has also been investing in supporting industries and manpower training for Vietnamese companies, and helping local firms to engage in its production and supply chain, he said.

    Samsung hopes to continue developing to contribute to Vietnam’s foreign trade and economic growth, the CFO added.

    He spoke highly of Vietnam’s investment and business climate as well as the PM’s readiness to listen to and assist enterprises, adding Samsung will continue standing side by side with the country on the development path.

    Appreciating Samsung’s building of an R&D center and participation in manpower training in Vietnam, Chinh asked the group to coordinate closely to effectively run the training centers based at the National Innovation Centre (NIC), step up cooperation to turn digital technology enterprises of Vietnam into partners in its ecosystem, increase investment in and expand the R&D center, and boost assistance for startup, innovation, and manpower training in the country.

    He also welcomed Samsung’s production and business plan, calling on it to continue helping Vietnam further improve domestic companies’ capacity so that they can join in Samsung’s supply chain more effectively.

    Samsung should continue seeing Vietnam as a strategic base for manufacturing and exporting its key products to international markets, particularly when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU – Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP) already took effect, Chinh suggested.