Reinforces Vietnam’s role as a regional rrowth hub

SCG announced its 2025 operating results at a press conference held in Bangkok recently, highlighting disciplined financial management amid the challenging global and regional economic environment. The Group reported revenue of 15.1 billion USD (398.9 trillion VND), declined 3% y-o-y, and adjusted EBITDA (cash flow from core operations, excluding extraordinary items) of 1.7 billion USD (43.1 trillion VND), outperforming 2024 by 6%, while reducing debt by 428 million USD (11.3 trillion VND). The actual sales declined by 3%, but due to the Thai baht appreciating by around 7%, the sales appear to have increased when reported in USD.

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.

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.”

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.” 

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. 

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