Thai conglomerates reap strong returns from long-term bets on Vietnam
Thai conglomerates including SCG, ThaiBev, and Central Retail are reporting significant growth in their Vietnam operations. These companies are leveraging long-term investments in manufacturing, retail, and dairy to capture the expanding Vietnamese market.
Why it matters
The success of these firms highlights the growing economic integration between Southeast Asian nations and the attractiveness of Vietnam as a manufacturing and consumer hub.
Industrial conglomerate SCG reported strong results for the first half of 2026, posting adjusted EBITDA of USD 1.34 billion, up 35% year-on-year, while net profit reached USD 394 million.
Vietnam remained a major contributor to the group's performance.
SCG generated VND 37.12 trillion (USD 1.42 billion) in revenue from Vietnam during the first six months of the year, representing a 126% increase from the same period in 2025.
The growth was supported by improving business conditions and the resumption of operations at the Long Son Petrochemicals Complex late last year.
Having operated in Vietnam for more than three decades, SCG said it would continue expanding investments in manufacturing, packaging, building materials and workforce development.
Beverage producer Thai Beverage (ThaiBev) maintained strong profitability despite softer consumer demand in some markets, supported by tighter cost controls and improved operating efficiency.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in