Mr. Thammasak Sethaudom, President and CEO of SCG, shares insights on the Group’s 2025 business performance and its strategic direction for 2026 amid ongoing global economic challenges.

These results reflect decisive actions taken throughout the year to streamline operations, exit underperforming businesses, and implement comprehensive cost-saving initiatives, delivering total annual savings of approximately 131 million USD (3.6 trillion VND).

Looking ahead, SCG introduced its 2026 strategic direction under the theme “Intensified - Strengthened - Reinforced - Resilient.” The focus will be on maintaining strong financial discipline, building organizational strength, and investing in products that deliver higher value and lower environmental impact, while positioning Vietnam as a key base for regional production and exports.

Mr. Thammasak Sethaudom, Chief Executive Officer of SCG, said: “2025 was a challenging year, marked by slower global growth, geopolitical uncertainty, and volatile energy prices, particularly for the petrochemical industry. Despite these pressures, SCG remained focused on cash flow management and operational efficiency, allowing us to stay healthy and reduce debt compared to the previous year.

SCG positions Vietnam as a strategic manufacturing hub for key product categories, including low-carbon cement

As we move into 2026, we expect market conditions in the Chemicals business to stabilize as new global supply slows. While challenges remain across many markets, Vietnam continues to show encouraging economic momentum. We see Vietnam not only as a growing domestic market, but also as a strategic operational base to support regional and global customers.”

This approach reflects SCG’s long-term commitment to Vietnam - supporting economic growth, strengthening industrial capability, and creating sustainable value for employees, partners, and communities, even in an uncertain global environment.

The LSP Enhancement Project (LSPE) at the Long Son Petrochemical Complex is progressing as planned and is expected to be completed by the end of 2027, reinforcing SCG’s long-term growth strategy

Vietnam Business Highlights

In Vietnam, SCG delivered a stable performance in 2025, with total sales of 1.7 billion USD (43.1 trillion VND), representing 0.8% year-on-year. A key milestone during the year was the Long Son Petrochemicals (LSP) complex returning to operations from August 2025, marking an important step in strengthening SCG’s industrial base in Vietnam.

With 28 subsidiaries nationwide, SCG Vietnam contributed more than 31.5 million USD (788.8 billion VND) to the state budget in 2025, reaffirming its long-term commitment to supporting Vietnam’s economic and industrial development.

Mr. Kulachet Dharachandra, Country Director of SCG in Vietnam, said: “Our 2025 performance reflects SCG’s ability to stay resilient in a challenging environment, while remaining firmly committed to Vietnam’s sustainable growth. By focusing on ESG-driven operations and working closely with our partners, we are building a stronger foundation for long-term competitiveness - while creating real value for the economy, communities, and the environment.”

The SCG Sharing the Dream scholarship program reflects SCG’s long-term commitment to supporting students in Vietnam by expanding access to education and promoting sustainable human development

2026 Strategic Priorities in Vietnam

Aligned with the Group's direction, SCG has set four key strategic priorities for Vietnam in 2026:

Intensifying financial discipline: Focus on maintaining healthy cash flow and disciplined capital investment, while continuing to reduce costs through better energy efficiency, automation, and the use of new technologies.

Strengthening organizational capabilities: Advancing the Regional Optimization Strategy by leveraging the synergy between Thai and Vietnamese operations - leveraging shared markets, complementary product portfolios, and best practices. People development remains a priority, supported by wider use of digital tools, robotics, and AI to raise productivity. 

Reinforcing long-term growth engines: Capturing market potential driven by Vietnam’s ambitious GDP growth targets. A key focus is the 500 million USD Ethane Feedstock Enhancement (LSPE) Project at LSP, aimed at enhancing feedstock flexibility and cost competitiveness. The project is progressing as planned and is expected to be completed by the end of 2027.

Staying resilient and ready: by continuously assessing opportunities and risks to ensure rapid responses to changing business and economic conditions.

SCG in Vietnam and its member companies have been recognized as Sustainable Development Enterprises in Vietnam 2025, attributed to the group’s consistent ESG strategy and its proactive Net Zero initiatives

Commitment to ESG and Sustainability

Alongside operational progress, SCG reinforced its sustainability leadership through active participation in industry forums and the sharing of best practices. These efforts were recognized in 2025, with SCG and 7 member companies, including Vina Kraft and 6 companies under Prime Group - honored among the Top 100 Sustainable Enterprises 2025.

This year, Duy Tan Plastics also received a hat-trick of sustainability awards, including Green Enterprise of Ho Chi Minh City by Sai Gon Giai Phong Newspaper, Vietnam ESG Awards - Enterprises Pioneering in Circular Economy by Dan Tri Newspaper, and National Green ESG Enterprise by the Institute for Sustainable Development Research. Binh Minh was also honored as a Green Enterprise of Ho Chi Minh City by Sai Gon Giai Phong Newspaper.

Beyond awards, SCG’s ESG focus delivered real benefits to people and communities. SCG provided 1.7 billion VND in scholarships to 160 students through the SCG and LSP Sharing the Dream programs and delivered vocational training for 50 students with disabilities via the SCG Learn to Earn project, in collaboration with DrD and HaliCare.

SCG remains committed to delivering sustainable returns to shareholders while strengthening long-term competitiveness and sustainability in every community where it operates.