Thai Nguyen
Samsung's second-largest global revenue site—$7.5B invested (73% of FDI), $27.34B exports (2024), 144% GRDP growth 2015-2024, tea heritage.
Thai Nguyen is Samsung's global second-largest revenue generator. The Korean conglomerate invested $7.5 billion—73% of the province's total FDI—transforming a tea-growing region into Vietnam's electronics manufacturing heartland. Samsung Thai Nguyen posted $13.8 billion revenue in H1 2024 (up 20.5%), generating $1.1 billion profit (up 30.2%). The 2025 target: $27.8 billion revenue, a 6% increase.
The Samsung effect cascaded through supply chains. The province now hosts 350 active industrial park projects including 188 FDI ventures totaling $11+ billion. Export value reached $27.34 billion in 2024 (6th nationally); early 2025 exports of $5.6 billion ranked Thai Nguyen third behind only HCMC and Bac Giang. GRDP grew from VND 66 trillion (2015) to VND 162 trillion (2024)—a 144% increase, ranking 15th nationwide.
Tea remains the agricultural anchor: 279,700 tonnes of fresh leaves exported globally. Nui Coc Lake and Ba Be Lake tourist areas develop tea-growing tourism. 19 industrial parks cover 6,400 hectares with occupancy rates above 90%. By 2026, Thai Nguyen tests whether Samsung-dependent growth can diversify—or whether single-company concentration creates systemic fragility.