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SCG reports 41% rise in Q2 revenue from sales in Vietnam

SCG reports 41% rise in Q2 revenue from sales in Vietnam
phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.

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SCG records higher profits in 2020 despite COVID-19 constraints


SCG records higher profits in 2020 despite COVID-19 constraints
09:54 | 04/02/2021
The global pandemic could not keep down SCG
According to its report, SCG’s Revenue from businesses outside of Thailand, together with export sales from Thailand registered VND129.784 trillion ($5.64 billion), in 2020, or 42 per cent of total revenue from sales, higher than the 41 per cent in the previous year.
As of December 31, 2020, the total assets of SCG amounted to VND576.952 trillion ($25.1 billion), while the total assets of SCG in ASEAN (excluding Thailand) amounting to VND218.374 trillion ($9.5 billion) which is 38 per cent of SCG’s total consolidated assets.
Based on its fourth quarter 2020 report, SCG in Vietnam owned VND111.044 trillion ($4.83 billion) worth of total assets, an increase of 50 per cent on-year, mainly generated by its chemicals business. The company s revenue from sales in the fourth quarter was VN ....

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SCG builds outdoor community gym in Quang Binh


SCG builds outdoor community gym in Quang Binh
21:33 | 25/01/2021
SCG, one of the leading conglomerates in the ASEAN region, and the authorities of Nam Ly ward, Dong Hoi city in Quang Binh province recently inaugurated the first outdoor community gym built in collaboration between SCG and local people, aiming to provide a common area for everybody to improve their wellness.
The launching ceremony of the outdoor community gym in Quang Binh province
Aligned with the government’s direction that each province has a public playground to develop a healthy lifestyle amongst the communities, the project once again demonstrates SCG’s brand promise “Passion for Better Living” for each community where it operates. ....

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Long-term development commitments realised through strategic M&A moves


Long-term development commitments realised through strategic M&A moves
10:35 | 18/01/2021
Long-term development commitments realised through strategic M&A moves
The Vietnamese merger and acquisition (M&A) market has suffered a plunge since the beginning of 2020 as investors took a more cautious tack while restrictions and quarantine measures hindered the evaluation and decision-making of M&A deals.
Such transactions in Vietnam were estimated at $3.5 billion during 2020, accounting for 48.6 per cent compared to the previous year, but it is believed the market will recover this year when its size may return to previous levels of around $5 billion.
Beside other traditionally big investors to Vietnam including those from Singapore, Japan, and South Korea, Thai corporates have showcased great confidence in Vietnam in the midst of the global health crisis. ....

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