SCG Group has released its Q1 2025 financial report, revealing a revenue of 17,970 billion VND (698 million USD) from its operations in ASEAN countries, excluding Thailand.
Specifically, in Vietnam, the sales revenue in Q1/2025 reached 7,770 billion VND (301 million USD).
As of March 31, 2025, SCG Group’s total assets amounted to 642,480 billion VND (25.01 billion USD), with assets in ASEAN countries (excluding Thailand) accounting for 294,370 billion VND (11.46 billion USD), or 46% of the Group’s consolidated assets.
SCG has had a presence in Vietnam since 1992 and has executed numerous M&A deals with local businesses. Currently, the Thai conglomerate holds 55% of Nhựa Bình Minh’s capital through its subsidiary, The Nawaplastic Industries (Saraburi) Co., Ltd. SCG also owns multiple construction material brands, including Prime Group, a leading tile manufacturer in Vietnam.
In the packaging sector, SCG acquired 80% of CTCP Bao bì nhựa Tín Thành (Batico) in 2015. In 2020, SCG Solutions Pte. Ltd (Singapore), a subsidiary of SCG, purchased 94.11% of Bao bì Biên Hòa (Sovi). Furthermore, in 2021, SCG bought an additional 70% of Nhựa Duy Tân.
In 2017, SCG invested 156 million USD to acquire 100% of StarCemt (VCM), the owner of the Song Gianh Cement Plant in Quang Binh Province. Towards the end of 2023, SCG purchased 70% of CTCP Starprint Vietnam for 676.8 billion VND (27.8 million USD)…
Presently, SCG has 27 subsidiary companies operating in Vietnam, employing over 16,000 people and offering a diverse range of premium products and services to the market.
In the petrochemical sector, SCG is investing in the Long Son Petrochemical Complex (LSP) project, with a total investment of over 5 billion USD. The construction of the project commenced in 2018 and is located in Long Son Commune, Ba Ria-Vung Tau Province.
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