Long Son restart lifts SCG’s Vietnam revenue 126% in first half of 2026
SCG’s Vietnam revenue reached VND37.12 trillion ($1.42 billion) in the first half of 2026, up 126% year on year after the Long Son Petrochemical Complex restarted. The group is also expanding glazed ceramic tile exports and investing VND622 billion in southern carton packaging capacity.
Petrochemical restart drives revenue growth
SCG’s revenue in Vietnam rose 126% year on year to VND37.12 trillion, equivalent to $1.42 billion, in the first half of 2026. Znews reported that the increase was primarily driven by improved business performance and the restart of the Long Son Petrochemical Complex at the end of 2025.
The result highlights the importance of the complex to SCG’s position in Vietnam, one of the Thai group’s key markets. SCG is the investor behind Long Son, whose initial investment was approximately $5 billion. Bringing the facility back into operation restored a major source of revenue and industrial activity for the group after the earlier interruption.
For Vietnam’s petrochemical market, the restart adds operating supply from a large domestic production asset. Its performance will matter to manufacturers and processors that rely on petrochemical inputs, while the plant’s ability to manage feedstock costs and availability will influence its competitiveness against imported materials.
Upgrade project passes 60% completion
SCG said the Long Son improvement project is more than 60% complete and remains on schedule. Work has continued despite temporary feedstock disruptions caused by geopolitical tensions in the Middle East, demonstrating the project’s exposure to international raw-material supply conditions.
Once completed, the upgrade is expected to give the complex greater flexibility in selecting feedstocks, improve operating adaptability and strengthen the long-term competitiveness of Vietnam’s petrochemical industry. SCG is also using robotic welding during construction, which the company says improves quality, safety and productivity.
Feedstock flexibility is commercially important for an integrated petrochemical site because it can widen procurement options when particular raw materials become scarce or expensive. The Middle East-related disruption also shows that a plant located in Vietnam remains sensitive to developments in global energy and petrochemical supply chains.
SCG expands tiles and packaging
SCG’s other Vietnamese operations are also adding export and production capacity. Exports of glazed ceramic tiles by SCG Decor’s PRIME Group increased 24% year on year. According to SCG, the result reflects growing international demand for higher-value construction materials manufactured in Vietnam. The company is expanding capacity to serve this growth and reinforce Vietnam’s role as a production base for premium building materials.
In packaging, SCGP is investing about VND622 billion to expand carton manufacturing capacity in southern Vietnam. Commercial operations are scheduled to begin in 2027. The project will use modern technology to improve supply stability and meet demand in one of the country’s fastest-growing manufacturing regions.
SCG President and CEO Thammasak Sethaudom said the group would continue investing in innovation, sustainability and people in Vietnam despite volatility in the global economy. As Vietnam targets net-zero emissions by 2050, SCG said it would prioritize low-carbon materials, efficient production and circular-economy solutions across its value chain.