Secretary of the Ho Chi Minh City municipal Party Committee Dinh La Thang has suggested SCG Building Materials of Thailand seize business opportunities in trade, infrastructure, smart transport, e-government, services and finance in Vietnam.


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During a reception for SCG Country Executive Director Dhep Vongvanich, Thang assured the guest that Ho Chi Minh City always offers all possible support to investors in and outside the country, adding that it is working toward the goal of becoming a financial, economic and cultural hub in the region.

Vongvanich, for his part, informed the host that SCG is joining with the Vietnam National Oil and Gas Group (PetroVietnam) and other partners to invest in Long Son petrochemical complex in the southern province of Ba Ria-Vung Tau – a key project of national significance in refinery.

Construction on the 4.5 billion USD complex is slated to begin later this year on an area of nearly 450ha.

Operating in Vietnam since 1992, SGC has generated nearly 7,000 jobs for Vietnamese workers and its total investment has neared 700 million USD.

SGC is further increasing its investment in Vietnam, particularly in cement and processed oil refining.

 

Based on SCG's Q1/2016 report, SCG in Vietnam owned $675 million worth of total asset, an increase of 2%y-o-y. The company reported Q1/2016 Revenue from Sales at $150 million, a 17% increase y-o-y mainly from packaging and ceramic business.

On the occasion to mark the 40th anniversary of diplomatic relations between Thailand and Vietnam, SCG took part in the "Thai Village" event by feathering a representative booth to showcase its business operation in Vietnam for over 20 years, and to highlight social responsibil-ity projects that contribute to the overall development of relationship between the two countries. Moreover, SCG has organized a friendly football match between BecamexBinh Duong and SCG Muangthong United under project ‘SCG Muangthong United ASEAN tour 2016’ at Thong Nhat Stadium, Ho Chi Minh City.

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises three core busi-nesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 52,500 employees, SCG creates and distri-butes innovative products and services that respond to the current and future needs of consumers.

SCG began its business operations in Vietnam since 1992 with trading business and gradually expanded investment in diversified businesses in the cement-building materials, chem-icals, and packaging industries.

Today, with total of 22 companies across Vietnam driven by approximately 6,900 em-ployees, SCG offers variety of premium products and services to markets. Available products in cement-building materials include, concrete roof, fiber cement board, fiber-cement wood substi-tute products for floor and ceiling, white cement, ready-mixed concrete under the brand ‘SCG’ and wall and floor ceramic tiles under the brand ‘COTTO & Prime’ and sanitary ware & fittings, bathroom fixtures under the brand ‘COTTO’.In the packaging business, available products are reading & writing paper under the brand ‘IDEA’ andcorrugated containers, kraft paper and flexi-ble packaging. In the chemicals business, available products are downstream chemicals products. Besides, SCG also has a building materials showroom in Hanoi to welcome customers to expe-rience SCG products and services.

VNA/VNN