PM Phuc expects Thai group’s expanded investment in Vietnam

Prime Minister Nguyen Xuan Phuc hosts a reception for SCG President and CEO Roongrote Rangsiyopash (Photo: VGP)

During a December 3 reception for SCG President and CEO Roongrote Rangsiyopash in Hanoi, the Government leader said Vietnam and Thailand are strategic partners, with Thailand successfully running plenty of projects in the nation.

With regard to SCG-invested Long Son Petrochemicals – LSP in the southern province of Ba Ria-Vung Tau, Phuc noted that such projects are of great significance for Vietnam’s socio-economic development, and hailed the group’s effective operation in the Southeast Asian nation.

In response, the SCG President congratulated the Vietnamese government on its successes in containing the COVID-19 pandemic, and thanked Vietnamese ministries and agencies for facilitating the implementation of the project.

The group has used cutting-edge technologies in an effort to put the project into operation at the end of 2022 as committed, he added.

The Vietnamese cabinet leader called on the Thai group to pour more investments in intensive processing, especially post-petrochemical products, and pay greater attention to the Vietnamese consumption market amid Vietnam’s involvement in three new-generation free trade agreements namely the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP).

He affirmed the Vietnamese government’s readiness to offer optimal conditions for foreign investors to operate effectively and successfully in the country, especially big groups like SCG.

PM Phuc expected SCG Group to grow and flourish in the time to come, with more major investment projects underway in Vietnam.