3:40:30 PM | 5/6/2026
May 6th, 2026, SCG announced its operating results for the first quarter of 2026, reflecting the impact of global economic volatility and rising cost pressures from energy and raw materials.
Mr. Thammasak Sethaudom, President and Chief Executive Officer of SCG, highlighted the Q1/2026 results and the group’s proactive strategies to drive long-term growth.
In Q1/2026, SCG reported total revenue from sales of 102.6 trillion VND (3.9 billion USD) and profit for the period of 5.2 trillion VND (197 million USD). During the quarter, the Group achieved an Adjusted Cash EBITDA of 12.4 trillion VND (472 million USD), a robust increase of 17% YoY. To achieve this, the Group focused on diversifying feedstock and energy sources from non-Middle East suppliers, managing costs, and improving operating efficiency to maintain a reliable supply and continue serving customers.
Mr. Thammasak Sethaudom, Chief Executive Officer of SCG, stated: "In Q1/2026, SCG’s early and proactive strategic decisions have enabled us to 'absorb the impact of volatility' and effectively manage the situation despite tensions in the Middle East. Under our 'short-term strategy', we are managing risks comprehensively by establishing a 'Daily War Room' to monitor raw material and energy costs daily, while ensuring continuous support for our customers across the supply chain.
For our 'two-year strategy' (2026–2027) in Vietnam, we are strengthening long-term competitiveness by leveraging Regional Optimization and advancing the LSP’s Ethane enhancement project in Vietnam, which has progressed 50% as planned. While our Long Son Petrochemicals (LSP) complex faced temporary feedstock constraints, we utilized this period to carry out planned maintenance and accelerate the ethane enhancement project. Once operational by the end of 2027, this project will enhance flexibility in feedstock utilization and is expected to deliver substantial cost savings, ensuring long-term strength for our businesses and the industry".
SCG drives regional optimization and future-ready capabilities to ensure sustainable growth across all business operations.
Vietnam Highlights: Strong Investment Confidence & Strategic Agility
In Vietnam, SCG recorded Q1/2026 revenue of 15.8 trillion VND (597 million USD)*, representing a 99% y-o-y increase mainly driven by LSP’s resumed operation. Beyond the numbers, SCG continued to support Foreign Direct Investment (FDI) and industrial development in Vietnam.
Boosting Regional Investor Confidence
A major highlight of the quarter was a high-level Investor Relations (IR) trip, hosting a delegation of prominent Thai institutional fund managers. The delegation toured SCG’s operations and visited the LSP complex in Vietnam—a flagship facility with a designed capacity of 1.35 million tons of olefins and 1.4 million tons of polyolefins per year.
The visiting funds left with a strong, positive impression of Vietnam's rapid infrastructure modernization, robust domestic consumption, and clear regulatory reforms. By serving as a strategic bridge for investment, SCG is reinforcing international confidence in Vietnam’s long-term growth potential.
At the local level, this cross-border collaboration continued as PRIME Group co-organized the "Thai Connect - Phu Tho 2026" event with the Royal Thai Embassy to strengthen trade linkages between businesses in both countries.
SCG is accelerating the LSPE project at the Long Son Petrochemicals (LSP) complex to enhance feedstock flexibility and ensure long-term resilience for the industry
Supporting Vietnam’s Green Transition
SCG is investing in low-carbon manufacturing to support Vietnam’s Net Zero 2050:
Song Gianh Cement marked its 20th anniversary by committing to reduce CO2 emissions by 23% by 2030, backed by a 3.5 million USD investment in an Autotruck automation system to drastically improve efficiency and lower emissions.
SCG also launched the “On Green, On Goal” video campaign, using professional golf as a platform to promote discussion on practical low-emission approaches among business and policy stakeholders.
Beyond influencing business and industry leaders, SCG is deeply committed to inspiring the next generation, in collaboration with The Students' Cultural House of HCMC. During the quarter, SCG engaged more than 10,000 young people through hands-on activities that promote environmental awareness and encourage sustainable lifestyles.
The Auto Truck system at Song Gianh Cement port automates loading processes, enhancing operational efficiency and optimizing logistics for both domestic and export markets
Empowering the Workforce and Communities
Alongside its business activities, SCG continued to invest in people and community development in Vietnam. SCG continued its “Spring Zero Dong” program, providing essential goods to underserved communities during periods of economic hardship and major holidays.
Within the organization, SCG launched Communities of Practice across functions, including HR, Procurement, Legal & Compliance, Branding & CSR, and ESG, to strengthen knowledge sharing and capability development across its businesses in Vietnam.
SCG and Thai partners inaugurate the "Thai Pavilion" at VNUHCM–USSH, marking the 50th anniversary of Vietnam –Thailand relations and equipping students with practical, sustainable knowledge
Looking Ahead
SCG welcomes Vietnam’s new leadership team and looks forward to the country’s next phase of development. Despite continued global uncertainty, the Group remains focused on operational discipline, business readiness, and long-term value creation. In Vietnam, SCG sees continued opportunities in industrial development, infrastructure expansion, green transition, and efforts to attract high-quality investment.
By Van Luong, Vietnam Business Forum
Vietnamese
