SCG records higher profits in 2020 despite COVID-19 constraints 09:54 | 04/02/2021
The global pandemic could not keep down SCG
According to its report, SCGâs Revenue from businesses outside of Thailand, together with export sales from Thailand registered VND129.784 trillion ($5.64 billion), in 2020, or 42 per cent of total revenue from sales, higher than the 41 per cent in the previous year.
As of December 31, 2020, the total assets of SCG amounted to VND576.952 trillion ($25.1 billion), while the total assets of SCG in ASEAN (excluding Thailand) amounting to VND218.374 trillion ($9.5 billion) which is 38 per cent of SCGâs total consolidated assets.
Based on its fourth quarter 2020 report, SCG in Vietnam owned VND111.044 trillion ($4.83 billion) worth of total assets, an increase of 50 per cent on-year, mainly generated by its chemicals business. The company s revenue from sales in the fourth quarter was VND6.855 trillion ($
Thai investors focus on sustainability in Vietnam
By Tam An January 20, 2021 | 09:30 am GMT+7
In addition to impressive growth in the number of projects and registered capital, many Thai investors place sustainability as their top concern when investing in Vietnam.
Data from the Ministry of Planning and Investment shows that, in 2020, Thailand has 40 new registered projects, 23 registered capital adjustment projects and 100 capital contribution and share purchases in Vietnam with total registered capital of nearly $1.8 billion. This number is double that of 2019 and nearly seven times that for the period 2015-2020.
Since the establishment of diplomatic ties in 1976, the economic relationship between Thailand and Vietnam has developed endlessly. Direct investment flows from Thailand into Vietnam have continuously increased by an average 13 percent per annum over the past 10 years.