HCM City encourages Thailand’s SCG to invest in key projects
Secretary of the Ho Chi Minh City municipal Party Committee Dinh La Thang has suggested SCG Building Materials of Thailand seize business opportunities in trade, infrastructure, smart transport, e-government, services and finance in Vietnam.
During a reception for SCG Country Executive Director Dhep Vongvanich, Thang assured the guest that Ho Chi Minh City always offers all possible support to investors in and outside the country, adding that it is working toward the goal of becoming a financial, economic and cultural hub in the region.
Vongvanich, for his part, informed the host that SCG is joining with the Vietnam National Oil and Gas Group (PetroVietnam) and other partners to invest in Long Son petrochemical complex in the southern province of Ba Ria-Vung Tau – a key project of national significance in refinery.
Construction on the US$4.5 billion complex is slated to begin later this year on an area of nearly 450ha.
Operating in Vietnam since 1992, SGC has generated nearly 7,000 jobs for Vietnamese workers and its total investment has neared US$700 million.
SGC is further increasing its investment in Vietnam, particularly in cement and processed oil refining.
