Samsung Sds Vietnam Company Limited (Vietnam)

Being a member of SAMSUNG GROUP, SAMSUNG SDS VIETNAM CO., LTD was founded in Oct 2011. The subject's main business line is the logistics sector including freight forwarding services (mainly), inland freight services, warehouse services and customs declaration services. In the information technology field, the subject is engaged in processing and publishing software, supplying information technology services such as Cloud professional services, Application Services, Migration, ERP Services, RPA, Digitalization, Mobility and BPO. SAMSUNG SDS VIETNAM's IT solutions focus on the hottest information technology including digital conversion, AI, big data, Cloud, and Blockchain to serve a diverse range of industries including financial services, smart manufacturing, global logistics, and retail. Presently, the company has offices located in Ha Noi, Ho Chi Minh Cities, Bac Ninh and Thai Nguyen Province. SAMSUNG SDS VIETNAM's typical clients are Samsung members and Samsung's vendors.Please note that the company has developed the IT field strongly with net sales in 2022 of over VND 3 trillion, ranking in the top of this field. Anyway, because of serving logistic services to the enormous volume of products of Samsung members and Samsung's vendors, the subject's revenue from this field still accounted for the majority of total revenue recently.Thanks to the abundant need of Samsung members and Samsung's vendors for both logistic activities and IT services, the subject's total annual sales increased strongly with a compound annual growth rate of 25.8% during the period of 2018-2022. However, due to the negative effects of the post-Covid economic recession, the production scale of Samsung and Samsung's vendors has been reduced noticeably. As a result, according to the accounting department, SAMSUNG SDS VIETNAM's sales from this main business line decreased suddenly in the first nine months of 2023 compared to the same period last year. Anyway, the company's IT field has been improved continuously. In detail, in the first three quarters of this year, IT business activities brought VND 2.22 trillion of revenue, up by nearly 16% over the same period last year. SAMSUNG SDS VIETNAM has continued to expand its IT field in both facilities, labor force as well as market share. Up to now, the company has over 1,300 staff working in the IT field.