Vietnam rolls out red carpet for Thai investment: Deputy PM

Hosting a reception for Executive Director of the Thai-based Siam Cement Public Company Limited (SCG) in Vietnam Dhep Vongvanich on April 9, Deputy PM Dung laid stress on the Vietnam-Thailand strategic partnership, which has been developed comprehensively in various sectors, particularly economic, trade, and investment cooperation.

He spoke highly of SCG’s chemicals and construction materials operations in Vietnam, contributing to the sound relations between the two countries.

He urged the company to speed up its 5.4-billion USD Long Son petrochemical complex in the southern province of Ba Ria-Vung Tau, and ensure that it is carried out in an effective manner, in line with Vietnamese regulations on labour safety and environmental protection.

He also asked SCG to exercise its corporate responsibility, creating jobs and developing infrastructure to improve local livelihoods.

Dhep Vongvanich, for his part, affirmed that his firm will mobilise resources to complete the petrochemical complex soon, and organise training courses for local people so that they can work at the construction sites and plants or provide supporting services when the complex begins operation.

The complex will create tens of thousands of jobs to local labourers, he added.

SCG, one of Thailand’s best-known conglomerates, was founded in 1913 and has over 200 companies and 57,000 employees. SCG began operating in Vietnam in 1992 with a trading business, gradually expanding investment in diversified businesses in cement-building materials, chemicals, and packaging industries. Now, it has 16 member companies, three representative offices, and two joint ventures in Vietnam.