Business

Thai group pours more investment into Vietnam

Thailand ’s SCG Chemicals Group said on May 1 that it is expanding its investment in Vietnam ’s plastics industry.
Thailand ’s SCG Chemicals Group said on May 1 that it is expanding its investment in Vietnam ’s plastics industry.

The Thai Plastic and Chemicals Company, a subsidiary of SCG, acquired9.8 million shares (22.6 percent) of the Tien Phong Plastics Joint StockCompany (JSC) and 5.8 million shares (16.7 percent) of the Binh MinhPlastics JSC, both of which are leading manufacturers of PVC pipes inVietnam .

This extra injection of investment intoVietnam by SCG now raises the group’s total investment in Vietnamto 370 million USD.-VNA
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