The $1.386 billion added investment will help accelerate Long Son Petrochemical Complex that has fallen behind schedule.

A Thai consortium in charge of the 464-hectare Long Son Petrochemicals Complex, located in Ba Ria-Vung Tau, wants to raise its charter capital from US$3.7 billion to US$5.1 billion to upgrade the refinery’s technology and improve its capacity.

Many strong brands in the plastics industry have fallen into the hands of investors from Thailand, Japan and South Korea, which has raised concern about the future of the industry.

Thailand’s SCG last month signed an MoU confirming a partnership with PetroVietnam in the Long Son Petrochemicals Co. (LSP). Mr. Roongrote Rangsiyopash, SCG’s President & CEO, disclosed more details about the project.

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau.

The hot development of the real estate market benefits the building material industry, but Vietnamese companies are struggling to get a share of the market as cement and tile factories have been sold to foreign investors.

VietNamNet Bridge - The strong recovery of the real estate market has brought golden opportunities to Thai investors.  

 VietNamNet Bridge – The wave of Thai investment in Vietnam is not new. Decades ago, the Thais gained important development in Vietnam.

 VietNamNet Bridge – The four foreign giants that are forecast to make changes in the Vietnamese market in the future are South Korea's CJ Group, Ayala Corporation of the Philippines, and Thailand's SCG and Central Group.

 VietNamNet Bridge – The plan to purchase the remaining 15% capital of Prime Group has been approved by SCG leaders, with capital of more than $60 million.

 Thailand's Siam Cement Group (SCG), which has invested $700 million in Vietnam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors, according to Thailand’s “The Nation” newspaper.

VietNamNet Bridge – Siam Cement Public Company Limited (SCG) has acquired Batico, a large packaging company in Vietnam. Many people are not aware that SCG is the name behind a number of large acquisitions in Vietnam.