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SCG Announces Q1/2025 Results with Strong EBITDA, Profit Growth Across All Businesses, Highlights “4 Strategies” to Tackle Global Trade War: 1) Reduce Costs for Global Competition, 2) Expand Portfolio with Quality Affordable Products, 3) Tap Into High-Potential New Markets, 4) Leverage ASEAN Production Base Advantage
Ho Chi Minh City, June 3rd, 2025 – SCG announced its operating results for Q1/2025, showing an improvement compared to Q4/2024, with strong EBITDA of 9.78 Trillion VND (US$380 million) and a total profit for the period of 834 billion VND (US$32 million). This performance reflects SCG’s accelerated adaptation efforts to address challenges across all businesses and its ongoing measures to bolster financial strength. SCG is highlighting “4 strategies” to navigate the prolonged and intensifying global trade tensions: 1.) Reducing costs to compete with global manufacturers; 2.) Expanding the product portfolio to meet market demand across all segments, including “High Value-Added (HVA) Products, Green Products, and Quality Affordable Products;” 3.) Entering new high-potential markets; and 4.) Building competitive advantages by leveraging diversified production bases across ASEAN. SCG remains confident that its businesses are well-positioned for stable growth amid ongoing challenges.
Thammasak Sethaudom, President and CEO of SCG, said, “In Q1/2025, SCG and all business units demonstrated improvement, driven by ongoing financial strengthening measures. We have enhanced competitiveness through production cost reduction and effective management, as well as efficient expansion into new markets. Furthermore, the Cement–Building Materials Business experienced increased demand driven by the construction season and continuous government budget disbursements. Meanwhile, SCG Chemicals (SCGC) showed improvement through cost management and product portfolio adjustments. SCGP also remained robust, focusing on growth to meet domestic consumer demand within ASEAN, enhancing its consumer packaging portfolio while concurrently managing costs.”
At the same time, SCG has continuously implemented financial strengthening measures, including the prudent management of EBITDA, costs, and working capital. This resulted in SCG achieving an EBITDA of 9.78 Trillion VND (US$380 million) in Q1/2025, reflecting the business’s swift adaptation to maintain competitiveness amid ongoing challenges.
In Q1/2025, revenue from SCG’s operations in ASEAN (excluding Thailand) reached 17.97 Trillion VND (US$698 million).
As of 31 March 2025, SCG’s total assets amounted to 642.48 Trillion VND (US$ 25.01 Billion), with SCG’s assets in ASEAN (excluding Thailand assets) totaling 294.37 Trillion VND (US$ 11.46 Billion11,458 Million), or 46% of SCG’s total consolidated assets.
In Q1/2025, Revenue from Sales in Vietnam 7.77 Trillion VND (US$ 301 Million), with some highlights as follows:
Sustainable Innovation Drives Business Excellence
During this period, SCG’s subsidiaries introduced several breakthrough innovations that helped reduce environmental impacts and operational costs. For example, Duy Tan Plastics launched ‘lightweight’, recyclable bottles using MuCell technology — cutting plastic usage while enabling cost-effective production. Meanwhile, SCG Cement-Building Materials Vietnam rolled out ‘new Low Carbon Cement packaging’ in Central Vietnam to support the growing demand for eco-friendly construction materials. SCGJWD expanded its Green Logistics model by introducing EV trucks, solar-powered warehouses, and a 24/7 operations center to improve energy efficiency.
Strategic Partnerships for Long-Term Sustainability
Reinforcing its commitment to collaboration, SCG teamed up with Nam Long Group — one of Vietnam’s leading real estate developers — to deliver green roofing solutions for large-scale urban developments. Additionally, SCG co-hosted the “Green Products and Services – Orders from Users” seminar as part of the Green Vietnam initiative. This platform enabled open dialogue between businesses and end-users, highlighting the growing demand for sustainable consumption and co-creation of environmentally responsible solutions.
Empowering Communities through the ‘Hands for Happiness’ Campaign
Beyond business, SCG remains dedicated to social well-being through the “Hands for Happiness” campaign. Notably, the ‘Spring Bus’ initiative supported over 2,000 students and workers in returning home for Tet, fostering emotional and cultural connection. The company also took part in the ‘Tết quân – dân’ event, distributing Tet gift sets to 400 underprivileged families in Binh Chanh. In a joint effort with SCGP, SCG established a ‘Green Library at District 8 Hospital’, offering patients and visitors a peaceful, eco-conscious learning space to promote both healing and environmental awareness.
Recognition Rooted in Trust
Trust built over time remains a cornerstone of SCG’s long-standing presence in Vietnam. In the first quarter of 2025, both Binh Minh Plastics and Duy Tan Plastics were once again named among Vietnam’s “High-Quality Goods” brands for the 29th consecutive year, reflecting their continued excellence in delivering quality and sustainable innovations to the Vietnamese market.
Further strengthening this trust, Binh Minh Plastics became the first in Vietnam’s pipe industry to achieve the ‘Leader’ level under Singapore Green Building Product (SGBP) certification — a milestone that highlights its dedication to high environmental standards and long-term sustainability.
As Vietnam continues to navigate challenges and opportunities in the global landscape, SCG stands firm in its mission: to grow with Vietnam, not just in Vietnam. With a deep sense of care for the environment, society, and economic resilience, SCG remains committed to co-creating a better future for all. The company’s integrated approach to innovation, community impact, and trusted partnerships continues to set the standard for ‘Inclusive Green Growth’ in the region.
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Mr. Thammasak Sethaudom, President and CEO of SCG, shared positive updates on the performance of SCG’s business segments.
SCG reported improvements compared to Q4/2024, with EBITDA reaching VND 9.78 Trillion (USD 380 million) and net profit at VND 834 billion (USD 32 million), continuing to strengthen its financial position by closely managing EBITDA, controlling costs, and optimizing working capital.
In Vietnam, SCG marked several highlights through sustainable innovations that positively contributed to business performance, including a partnership with Nam Long Group to provide green roofing solutions.
SCG also introduced new packaging for its low-carbon cement products in Central Vietnam, aligning with the growing market demand for environmentally friendly materials.
Duy Tan Plastics launched a lightweight, recyclable bottle line using MuCell technology, reducing plastic usage and optimizing production costs.
Binh Minh Plastics has become the first plastic pipe manufacturer in Vietnam to achieve the “Leader” rating under the Singapore Green Building Product (SGBP) certification.
About SCG
SCG, one of the leading conglomerates in the ASEAN region, comprises several 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 more than 200 companies under its umbrella and approximately 57,000 employees, SCG began its business operations in Vietnam in 1992, creating and distributing innovative products and services to meet consumers’ current and future needs.
Today, with 27 companies across Vietnam driven by over 16,000 employees, SCG offers a variety of premium products and services to the markets.
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.
