Industrial conglomerate SCG reported strong results for the first half of 2026, posting adjusted EBITDA of USD 1.34 billion, up 35% year-on-year, while net profit reached USD 394 million.

Vietnam remained a major contributor to the group's performance.

SCG generated VND 37.12 trillion (USD 1.42 billion) in revenue from Vietnam during the first six months of the year, representing a 126% increase from the same period in 2025.

The growth was supported by improving business conditions and the resumption of operations at the Long Son Petrochemicals Complex late last year.

Having operated in Vietnam for more than three decades, SCG said it would continue expanding investments in manufacturing, packaging, building materials and workforce development.

Consumer giants continue to benefit

Beverage producer Thai Beverage (ThaiBev) maintained strong profitability despite softer consumer demand in some markets, supported by tighter cost controls and improved operating efficiency.

Vietnam remains one of ThaiBev's most important markets through its controlling stake in Sabeco and its indirect investment in Vinamilk via Fraser and Neave (F&N).

Vinamilk also delivered strong financial results.

The dairy producer reported second-quarter 2026 revenue of nearly VND 18.85 trillion (USD 720 million), up 12.5%, while net profit rose 28% to more than VND 3.17 trillion (USD 121 million).

For the first half of the year, revenue increased almost 18%, with net profit climbing 37%.

Retail expansion gathers pace

Retail giant Central Retail continued to identify Vietnam as one of its strongest growth engines.

During the first quarter of 2026, revenue from Vietnam reached approximately USD 467 million, up 26%, accounting for about 23% of the group's total revenue.

After completing the divestment of electronics retailer Nguyen Kim, Central Retail has focused on expanding its GO!, Tops Market and shopping mall network nationwide.

The company works with more than 5,000 Vietnamese suppliers, with locally made products accounting for around 95% of goods sold across the GO! supermarket chain.

Agriculture remains a major market

Agribusiness company Charoen Pokphand Foods (CP Foods) reported mixed results.

Although revenue from Vietnam declined 17% in 2025 to THB 101.3 billion, the country remained the group's largest overseas market, contributing 18% of global revenue - well ahead of China's 8%.

The company is also planning to invest hundreds of millions of dollars in additional livestock and meat-processing projects in Vietnam.

Long-term strategy paying off

Analysts note that Thailand's largest investors share a common approach: committing to long-term investment rather than focusing solely on exports or short-term trading.

SCG has built an extensive industrial ecosystem through acquisitions and investments including Prime, Binh Minh Plastics, Duy Tan Plastics, the Long Son Petrochemicals Complex, and multiple packaging and construction materials businesses.

Binh Minh Plastics continues to generate strong earnings and recently approved a cash dividend equivalent to nearly 149% of par value, distributing around VND 1.22 trillion (USD 46.5 million) for fiscal year 2025. As the owner of roughly 55% of the company, SCG receives the majority of those dividend payments.

ThaiBev has likewise concentrated on market-leading companies, while Central Retail has strengthened its nationwide retail footprint through an integrated omnichannel strategy.

Together, these investments highlight how patient capital, strategic acquisitions and long-term market commitment continue to deliver substantial returns as Vietnam's consumer market and industrial economy expand.

Manh Ha