SCG reports stable business performance in Việt Nam in H1

SCG reports stable business performance in Việt Nam in H1

SCG said it plans to resume operations at the Long Sơn Petrochemicals (LSP) plant in Việt Nam in late August, following a decline in crude oil prices that has improved operational feasibility.

The LSPE project used a proprietary low-carbon concrete mix, incorporating 18,000 tonnes of SCG’s low-carbon super cement, helping reduce 6,800 tonnes of CO2 - equivalent to the annual carbon absorption of 81,000 trees. — Photo courtesy of the company

SCG, one of the leading companies in ASEAN, has announced stable business performance in Việt Nam in the first half of this year, despite weak market conditions and volatile demand. 

The Thai company reported sales revenue topping US$634 million in Việt Nam for the period, marking a slight year-on-year decline of 1 per cent.

SCG said it plans to resume operations at the Long Sơn Petrochemicals (LSP) plant in Việt Nam in late August, following a decline in crude oil prices that has improved operational feasibility.

Despite ongoing market challenges, this move demonstrates SCG’s commitment to maintaining long-term operational continuity and readiness. Meanwhile, the company’s project to boost the plant’s competitiveness by switching to ethane as feedstock is progressing on schedule, with completion targeted for 2027.

Overall, the company continued improving its operating results for the first half of 2025, with a stronger EBITDA of $904 million, driven by ongoing adjustments across all business units, including investment portfolio restructuring and the discontinuation of unprofitable businesses.

For its H1 operating results, SCG reported revenue of $7.4 billion and a net profit of $550 million. Excluding extra items related to business restructuring, the profit amounted to $97 million.

Looking ahead, SCG expects the economic environment in ASEAN and globally to remain highly challenging in the second half of 2025, influenced by factors such as US tariffs, geopolitical conflicts and volatile energy prices.

In response, the company is accelerating regional optimisation across its ASEAN production bases, implementing cost reduction measures to enhance competitiveness and expanding its portfolio of smart, high-value-added and green products to capitalise on growth opportunities. 

Bizhub