Press Release

SCG, a leading regional company, has announced continued improvement in its operating results for the first half of 2025, with a stronger EBITDA of 23.67 Trillion VND (US$ 904 Million), driven by ongoing adjustments across all business units, including investment portfolio restructuring and the discontinuation of unprofitable businesses. Looking ahead, SCG anticipates that the economic landscape in ASEAN and globally will remain highly challenging in the second half of 2025 due to factors such as U.S. tariffs, geopolitical conflicts, and volatile energy prices. The company is accelerating its business operations through regional optimization across its production bases in ASEAN, cost reduction to boost business competitiveness, and expanding Smart Value, HVA, and Green Products to tap into growth markets.” 

Mr. Thammasak Sethaudom, President and CEO of SCG, said, “SCG has consistently implemented measures to strengthen its financial position since mid-2024. This has resulted in a stronger EBITDA for the first half of 2025, which stands at 23.67 Trillion VND (US$ 904 Million), an increase of 21% from the second half of 2024. This improvement is attributed to investment portfolio adjustments, the discontinuation of unprofitable businesses, and management initiatives to enhance operational efficiency across all units. Specifically, the Cement and Building Materials business has managed costs effectively; the Packaging business (SCGP) has successfully optimized production planning, effective cost management of recovered paper, and the use of technology and AI to enhance cost efficiency; while the Chemicals business (SCGC) has shown a gradual recovery. The chemical product price spread (Gap) has begun to improve slightly due to declining crude oil costs. In addition, SCG continues to receive recurring dividend income.

In Q2/2025, working capital was efficiently managed, decreasing by 5.77 Trillion VND (US$ 220 Million) compared to Q1/2025. Cash on hand at the end of Q2/2025 stood at 35.55 Trillion VND (US$ 1.36 Billion).

For its H1/2025 operating results, SCG reported revenue of 194.44 Trillion VND (US$ 7.43 Billion) and a net profit of 14.39 Trillion VND (US$ 550 Million). Excluding extra items related to business restructuring, the profit amounted to 2.55 Trillion VND (US$ 97 Million).

In Vietnam, SCG reported revenue from sales of 16.59 Trillion VND (US$ 634 million) during the same period. This represents a 1% year-on-year decrease, indicating relatively stable performance despite weak market conditions and volatile demand. SCG plans to resume operations at the Long Son Petrochemicals (LSP) plant in Vietnam in late August 2025, following a decline in crude oil prices that has improved operational feasibility. While market conditions remain challenging, the decision reflects a proactive approach to maintaining long-term operational continuity and readiness. In parallel, a project to enhance the plant’s competitiveness by adopting ethane as feedstock is progressing as planned, with completion expected in 2027. At the same time, the group made significant strides in advancing its ESG 4 Plus strategy in Vietnam, with tangible progress recorded in innovation, community engagement, and leadership development.

Driving Innovation for a Low-Carbon Future

During the first half of 2025, SCG further strengthened its position as a leader in green construction and low-carbon innovation, underscoring its commitment to ESG 4 Plus. This was exemplified by a major construction phase of the LSP Enhancement (LSPE) project, which utilized a proprietary low-carbon concrete mix designed to minimize environmental impact. The total concrete structure incorporated 18,000 tons of SCG’s Low-Carbon Super Cement as part of this mix, helping to reduce carbon dioxide emissions by an estimated 6,800 tons—equivalent to the annual carbon absorption capacity of approximately 81,000 trees. The LSPE project aims to incorporate ethane as an additional feedstock to enhance LSP’s long-term competitiveness.

This focus on innovation was not limited to a single project. Throughout the same period, SCG supplied low-carbon materials from Song Gianh Cement to major national infrastructure projects, including Quang Trach Power Plant, Nguyen Hoang Bridge, and Aeon Mall Hue. The introduction of Smartboard Ultra, a next-generation fiber cement board with improved durability and mold resistance certified by the Environmental Product Declaration (EPD), further showcased SCG’s commitment to sustainable building solutions. In consumer-facing product lines, Prime Group introduced Flexitech tiles, which integrate soft-dry and anti-slip technology for improved everyday safety. Meanwhile, Binh Minh Plastics demonstrated the company’s circular economy vision through its eco-certified piping solutions, which were highlighted at Vietbuild Da Nang 2025. Complementing these initiatives, SCG also shared its experience in building Thailand’s “Saraburi Sandbox” – the first low-carbon city model – at the Green Trade Forum 2025 organized by Sai Gon Giai Phong Newspaper, offering regional insights to support Vietnam’s net-zero ambition.

Empowering Communities through Inclusive Engagement

SCG’s ESG strategy not only drives innovation but also places strong emphasis on inclusive and community-centered development. In alignment with its long-term sustainability goals, the company expanded its social impact programs across Vietnam during the first half of the year. In Ba Ria -Vung Tau (old), SCG marked Children’s Day with “Dreams on a Nurturing Journey” program, awarding scholarships to local students and bringing joy to nearly 300 children through a vibrant festival. The program also featured a dedicated capacity-building workshop for 100 hearing-impaired students – empowering them with new skills, confidence, and inspiration for the future. Nationally, SCG together with SAC (Student Assistant Center of Ho Chi Minh City Youth Union) launched “Speak Up to Net Zero,” engaging over 3,000 young participants across Vietnam to explore pressing environmental challenges. The program culminated in a dynamic final round that mirrored an ASEAN summit, where students took the stage as passionate youth delegates, voicing bold, solution-driven ideas for a sustainable future. Further integrating sustainability with creativity, the “Packaging Speak Out 2025” competition, organized by SCGP, the Packaging Business of SCG, engaged more than 300 university students in design boot camps and expert-led seminars. The competition not only fostered creative thinking, but also equipped young talents with real-world skills to drive the future of sustainable packaging – positioning them as key contributors to a circular economy.

Building Leadership and Culture from Within

To ensure that its external commitments are matched by internal capabilities, SCG also made significant strides in developing its leadership and organizational culture. The company launched the Management Enrichment Program (MEP) in Vietnam for the first time, in partnership with Duke University, USA. This bilingual executive training program provided 40 mid-to-senior managers with skills in strategic thinking, innovation, and ESG leadership – strengthening the company’s talent pipeline in line with its sustainability goals. In addition, SCG promoted continuous learning and employee engagement through its internal podcast series, “SCG Possibilities – Unlock Your Potential,” which encourages personal and professional growth. At the operational level, Long Son Petrochemicals held its 2025 Safety and Health Day under the theme “We’re the LIFESAVER,” reinforcing a strong internal culture of safety and accountability.

Looking ahead, SCG remains steadfast in its commitment to delivering on its ESG vision. By integrating innovation, community empowerment, and people development into its business strategy, the company continues to drive meaningful, long-term change – positioning itself as a catalyst for inclusive and low-carbon growth in Vietnam and across the region.

Related images:

President and CEO of SCG shared that since mid-2024, the company has actively implemented financial strengthening measures, resulting in an EBITDA of VND 23.67 Trillion (US$ 904 million) in the first half of 2025 — a 21% increase compared to the second half of 2024.

The LSPE project utilized a proprietary low-carbon concrete mix, incorporated 18,000 tons of SCG’s Low-Carbon Super Cement as part of this mix, helping reduce 6,800 tons of CO₂ — equivalent to the annual carbon absorption of 81,000 trees.

For the first time in Vietnam, SCG launched the Management Enrichment Program (MEP) in partnership with Duke University, training 40 mid-to-senior managers in strategic thinking, innovation, and ESG leadership — reinforcing the company’s sustainable talent pipeline. 

SCG promoted sustainability through the “Packaging Speak Out 2025” competition, organized by SCGP, which engaged over 300 university students, fostering creativity and practical skills for a circular economy.

=//=

About SCG

SCG is one of ASEAN’s leading conglomerates, operating across multiple core businesses: SCG Cement and Green Solutions (SCG CGS), SCG Distribution and Retail (SCG D&R), SCG Smart Living (SCG SL), SCG Chemicals (SCGC), SCG Decor (SCGD), SCG Packaging (SCGP), SCGJWD, and SCG Cleanergy. With over 200 companies and approximately 57,000 employees, SCG is committed to pioneering sustainable progress—built on trust and powered by innovation.

Since entering Vietnam in 1992, SCG has been a trusted partner in co-creating long-term value for the country. Today, with 28 companies and over 16,000 employees nationwide, SCG provides a wide range of innovative, high-quality products and solutions. The company plays an active role in delivering green construction, empowering communities, developing human potential, and advancing Vietnam’s journey toward a Net Zero future.

SCG Cement and Green Solutions provides a variety of cement-construction materials and green construction solutions. Prominent member companies such as Vietnam Construction Materials Joint Stock Company (VCM), Song Gianh Cement, and Buu Long contribute to this effort. SCG Green Choice certified green materials meet the needs of building houses in a safe, comfortable, and environmentally friendly manner.

SCG Smart Living, which includes SCG Concrete Tile and Prime – Ngoi Viet, provides smart solutions developed to serve modern lifestyles, promoting energy savings, safety, hygiene, and health protection to customers for a better quality of life

Besides, SCG Decor (SCGD) offers advanced technology ceramic tiles, water heater tiles, and bathroom equipment under the famous brand, PRIME.

Additionally, SCG Distribution & Retail supports business network expansion and supply chain management across cement, construction materials, paper, packaging, raw materials, and industrial supplies. Notably, SCG Home stands out in this regard.

In the chemicals business, SCGC offers a full range of petrochemical products, from upstream production of olefins to downstream production of three main plastic resins: polyethylene, polypropylene, and polyvinyl chloride. Additionally, it offers fabricated products such as pipes and fittings under notable industrial brands like LSP, Binh Minh Plastics, TPC VINA, and others.

In the packaging business, SCGP offers Packaging Paper, Fiber Packaging, Consumer and Performance Packaging (CPP), Foodservice Products, design, printing, and other diversified solutions under well-known brands such as Duy Tan, BATICO, SOVI, and others.

************