SCG CEO Roongrote Rangsiyopash (Photo: asia.nikkei.com)
Hanoi (VNA) - Siam Cement Group (SCG), one of Thailand's leadingindustrial companies, has earmarked Vietnam as its top priority market in the coming years.
“I think, at this point, Vietnam. Maybe secondly would beIndonesia,” SCG CEO Roongrote Rangsiyopash said in an interview with the Asia Nikkei Reviewwhen asked about the group's priority markets.
Once a petrochemicals plant comes online insouthern Vietnam, the company anticipates revenue from Southeast Asia excludingThailand would rise to 35 percent of the total from the current 26 percent,he said.
“We have several projects ongoing, some big ones like achemicals complex in north Vietnam. That one, fortunately, has had no impactfrom the pandemic,” added Roongrote.
SCG is the largest cement group of Thailand. In 2011, the US’sForbes Magazine listed SCG as Thailand’s second biggest company and at theworld’s 620th position.
At a reception for Roongrote in December 2020, the thenPrime Minister Nguyen Xuan Phuc said that projects such as SCG’s Long SonPetrochemicals – LSP in the southern province of Ba Ria-Vung Tau aresignificant to Vietnam’s socio-economic development, and appreciated thegroup’s effective operation in Vietnam.
He suggested the Thai group pour more investments inintensive processing, especially post-petrochemical products, and pay moreattention to the Vietnamese consumption market in the context of Vietnamjoining three new-generation free trade agreements, namely the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-VietnamFree Trade Agreement (EVFTA) and the Regional Comprehensive EconomicPartnership (RCEP).
The Vietnamese government will create the best possibleconditions for foreign investors to operate effectively and successfully in thecountry, especially big groups like SCG, he promised./.
SCG has signed loan agreements worth over 3.2 billion USD with six banks in Thailand to fund the construction of Vietnam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited.
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SCG CEO Roongrote Rangsiyopash (Photo: asia.nikkei.com) 
