SCG sales surge in Viet Nam through Q3
SCG sales surge in Viet Nam through Q3
Southeast Asian conglomerate SCG posted a sales revenue of over VND6.89 trillion (US$301 million) in the Vietnamese market in the third quarter, up 4 per cent year-on-year, mainly due to export sales from Thailand to Viet Nam.
In Q3, SCG’s total assets in Viet Nam topped $5.98 billion, an increase of 57 per cent year-on-year thanks to its chemicals business, according to the company's business results published on Thursday.
In Viet Nam, during the surge of the pandemic, SCG continued to extend resources and support to the government and the communities in hot-spot areas including HCM City, Dong Nai, Binh Duong, Long An, Quang Binh, Ba Ria -Vung Tau, and Ha Noi.
SCG handed over about 4,000 paper field hospital beds, 53 modular bathrooms, real-time PCR test kits and medical equipment, amounting to over VND30 billion. It also donated VND10.6 billion to the Government to be allocated for vaccine procurement purposes.
Amid the pandemic, SCG’s subsidiaries strictly complied with the safety measures instructed by the Government. This included the 'three-on-site' measures, which required companies to facilitate employees to work and reside in a single location, isolated from the surrounding communities. This has helped to support business operations and protect lives in the community.
The company said it hoped that after the country's reopening, purchasing power would return as businesses and consumers adapt to living with COVID-19, as in many other countries.
"SCG is preparing to seize opportunities for long-term growth through green and wellness products such as SCG Green Choice, which reduces the use of natural resources while saving energy and promoting good hygiene, and CPAC Green Solution, which uses digital technology to increase construction speed, reduce dust pollution, and cut construction waste. Furthermore, it continues to invest in environmentally friendly businesses, such as the production of bioplastics," the company said in a statement.
