SCG highlights Vietnam s higher value manufacturing role
Industrial conglomerate SCG s top ranking at a regional business summit in Ho Chi Minh City has underlined its push to strengthen manufacturing competitiveness through integration advanced technologies and innovation
At the Fortune Southeast Asia 500 Summit 2026, Thammasak Sethaudom, president and CEO of SCG, emphasized the strategic role Vietnam plays in advancing higher-value manufacturing and strengthening regional competitiveness. SCG, ranked 22nd on the 2026 Fortune Southeast Asia 500, shared its shift towards value-driven growth, automation, and high-value-added products.
Sethaudom highlighted SCG's Regional Optimisation approach, known as "ASEAN Synergy," which leverages ASEAN's complementary strengths through integration, technology sharing, and supply chain collaboration. Vietnam is seen as a key strategic partner, with SCG investing in advanced technologies, higher-value products, and local capabilities.
SCG's significant investments in Vietnam include Long Son Petrochemicals' ethane feedstock enhancement project and a VND604 billion ($23.47 million) expansion in advanced packaging production. These initiatives reinforce Vietnam's importance within SCG's ASEAN manufacturing network, promoting technological advancement, higher-value production, and improved environmental performance.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Vietnam and EU pursue new value chains vir.com.vn
