$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
The $5.4 billion Long Son Petrochemicals Complex (LSP) in Vietnam’s southern province of Ba Ria-Vung Tau has experienced an unexpected technical setback during a test run of the whole complex.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$5.4 bln Long Son Petrochemicals Complex eyes full capacity operations this month
The $5.4 billion Long Son Petrochemicals Complex (LSP) in the southern province of Ba Ria-Vung Tau targets full capacity operations later this month, CEO Kulachet Dharachandra said Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam operations result in $1.26 bln revenue for Thai giant SCG in 2023, topping overseas earners
Thailand’s Siam Cement Group (SCG) earned revenues of THB121.85 billion ($3.45 billion) from overseas business in 2023, down 23% year-on-year, including THB44.55 billion ($1.26 billion) from Vietnam, down 25%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Minh Plastics set to scale 47-year profit peak: broker
Binh Minh Plastics JSC could earn the highest profit in its 47-year history at VND1 trillion ($41 million) last year, according to leading Vietnamese broker Saigon Securities (SSI).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
$5.4 billion petrochemicals complex to begin commercial operations in March
The $5.4 billion Long Son Petrochemicals Complex, invested by Thailand’s SCG Chemicals, began a full trial run last month towards commercial operations in March 2024.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$5.4 bln Long Son Petrochemicals complex initiates full trial run
The $5.4 billion Long Son Petrochemicals Complex started a full trial run in Vietnam’s southern province of Ba Ria-Vung Tau on Monday, with the participation of Ba Ria-Vung Tau Chairman Nguyen Van Tho.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s SCG Packaging completes 70% stake acquisition in carton maker Starprint Vietnam
SCG Packaging (SCGP), under Thailand’s giant Siam Cement Group (SCG), has completed a 70% stake acquisition of Vietnam’s Starprint Vietnam JSC for VND676.8 billion ($27.8 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Thailand to upgrade partnership to comprehensive strategic level
Thailand has agreed to upgrade its partnership with Vietnam to a comprehensive strategic level, Thai Prime Minister Srettha Thavisin said, while affirming he would visit Vietnam in 2024.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry rejects Long Son Petrochemical proposal for higher import taxes
The Ministry of Finance has disagreed with a proposal by Long Son Petrochemicals (LSP), the investor of the $5.4-billion Long Son Petrochemicals Complex, to raise the most-favored nation (MFN) tax on some plastics products from 0% to 3%.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam operations result in $900 mln revenue for Thai giant SCG in Jan-Sep
Thailand’s Siam Cement Group (SCG) earned a revenue of THB379.03 billion ($10.67 billion) in the first nine months of this year, down 15% year-on-year, including THB31.98 billion ($900.6 million) from Vietnam, down 30%, according to its latest report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long Son Petrochemicals complex to begin trial run next month
The $5.4 billion Long Son Petrochemicals Complex is set to begin full trial run in November, towards commercial operation in January 2024, a Long Son Petrochemicals Co. (LSP) leader said Monday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
BIDV provides $200 mln credit line to Long Son Petrochemicals
State-controlled BIDV, one of the “Big 4” banks in Vietnam, and Long Son Petrochemicals (LSP), invested by Thailand's The Siam Cement Group (SCG), signed a $200 million credit agreement in July, the bank announced on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam operations net $607 mln in H1 revenue for Thai giant SCG
Thailand’s Siam Cement Group (SCG) has earned revenues of THB21,244 million ($607.5 million) from its Vietnam operations in the first half of this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VietinBank extends $120 mln credit line to Long Son Petrochemicals
VietinBank, one of Vietnam’s “Big 4” banks, and Long Son Petrochemicals (LSP), invested by Thailand's The Siam Cement Group (SCG), signed a $120 million credit agreement on Monday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam should open up wholesale electricity market: Long Son petrochemical complex
Vietnam should open up the wholesale electricity market mechanism, Long Son Petrochemicals Complex (LSP), invested by Thailand's The Siam Cement Group (SCG), proposed on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
SCG - enterprise with strategic vision promotes community spirit among youth
Sustainable development goals can only be achieved through government action and significant alliances with the collaboration of young people who have dreams for their communities.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to become Southeast Asia petrochemicals giant
Vietnam is poised to become a regional leader in oil and petrochemical products with new production facilities in the pipeline and the industry attracting billions more in investment.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas to supply Thai group’s $5.4 bln Vietnam petrochemical complex
Leading Vietnamese gas supplier PV Gas will jointly supply materials for the $5.4 billion Long Son Petrochemicals Complex, invested by Thailand's The Siam Cement Group (SCG) in the southern province of Ba Ria-Vung Tau.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant SCG posts Q1 revenue of $294 mln in Vietnam
Siam Cement Group (SCG) posted a revenue of THB10.024 billion ($293.53 million) from its Vietnam operations in the first quarter of 2023, down 26.63% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long Son Petrochemicals urges ministries to finalize tax preferences
Long Son Petrochemicals Company Limited (LSP) has urged two ministries to aid the Long Son Petrochemicals Complex by finalizing the tax preferences, particularly for material imports, to avoid delays to the project.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant SCG reaps $1.72 bln in revenue from Vietnam operation in 2022
Thailand’s Siam Cement Group (SCG) posted a revenue of 59.06 billion bhat ($1.72 billion) from its Vietnam operations last year, up 21% year-on-year, according to SCG’s financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long Son petrochemical complex can enter operation in mid 2023
The Long Son Petrochemicals Complex in the southern province of Ba Ria-Vung Tau can enter commercial operation in mid-2023 as construction has been 98% complete.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's biggest oil refinery to run at full capacity, ensure fuel supplies
Nghi Son Refinery and Petrochemicals, Vietnam's largest, will operate at full capacity in the fourth quarter to assure stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam pursues $19 bln petrochemical, reserve complex
State-run Petrovietnam has proposed the government consider investment for a $19 billion oil refinery and national crude oil, petroleum reserve in the south.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai group’s $5.4 bln Vietnam petrochemical complex 96% complete
The Siam Cement Group’s (SCG) Long Son Petrochemicals Complex in southern Vietnam was 96.2% complete as of July, according to a source with knowledge of the matter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam to house $1.5 bln petrochemical complex
Stavian Chemical, a major global polymers distributor with significant presence in Southeast Asia, has struck a deal to develop a $1.5 billion petrochemical facility in Quang Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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