3:18:32 PM | 7/28/2025
SCG has once again made a mark by being listed among the Top 21 companies with the highest revenue in Southeast Asia, according to the Fortune Southeast Asia 500 (Fortune SEA 500) ranking for 2025. This marks the second consecutive year SCG has been featured in the prestigious list published by Fortune, one of the world’s leading business magazines based in New York.
This achievement not only reflects SCG’s strong performance as a regional leader but also affirms the effectiveness of ESG 4 Plus-driven business operations, which foster sustainable growth toward its Net Zero 2050 goal. SCG takes pride in contributing to Southeast Asia’s collective efforts to advance the global economy, particularly in the context of rapidly evolving global supply chains.
SCG continues to affirm its regional position by being named for the second consecutive year among Southeast Asia's Top 21 highest revenue companies, according to the 2025 Fortune SEA 500 ranking.
Thammasak Sethaudom, President and CEO of SCG, shared: “Being recognized in the Fortune SEA 500 for the second consecutive year is a great honor for SCG. This accomplishment reflects the Group’s sustainable growth through optimized operations and export expansion, as well as our unwavering commitment to building a growth model that harmonizes economic value and social responsibility.”
Success driven by sustainable development goals
SCG reaffirms its commitment to sustainable development by continuously innovating environmentally friendly products, highlighted by the third-generation low-carbon cement, which can reduce carbon emissions by approximately 40%. The company is also expanding exports of its green products - such as concrete roof tiles, fiber cement boards, paper packaging, and food packaging - to high-potential emerging markets. At the same time, SCG is embracing advanced technologies to enhance global competitiveness and foster a fair and inclusive workplace, becoming an “Organization of Possibilities.”
In 2024, Binh Minh Plastics reduced electricity consumption by 3%, equivalent to 1,351,362 kWh - cutting over 1,100 tons of CO₂ emissions and underscoring its commitment to energy management and sustainabilit
As proof of these efforts, SCG recorded revenue of USD 14.49 billion in the 2024 fiscal year, marking a 2% increase from the previous year - demonstrating the Group’s effective business operations across Southeast Asia, despite ongoing regional economic fluctuations. Vietnam was among the key contributors to this growth. In 2024, sales revenue from Vietnam reached VND 35.14 trillion (approximately USD 1.4 billion), a 15% increase compared to the same period last year.
Ranked 21st overall, SCG reaffirmed its strong regional influence - highlighting significant contributions from operations in Vietnam, one of its strategic markets.
SCG and subsidiaries have been instrumental in shaping the National Action Plan on Circular Economy (NAPCE). Over the past three years, SCG has promoted multi-stakeholder collaboration and shared expertise in circular economy practices to help realize the national roadmap.
SCG accelerates the development of SCG Low Carbon cement - an eco-friendly product that helps reduce greenhouse gas emissions by up to 20%, steadily expanding into international markets such as North America
In the cement and green building solutions sector, SCG is actively advancing its SCG Low Carbon product line in Vietnam- an environmentally friendly cement that incorporates waste heat recovery technology and biomass fuel, helping reduce greenhouse gas emissions by 20% compared to conventional products. In addition to serving the domestic market, this product is now being exported to high-potential markets such as North America and Australia.
Meanwhile, in the petrochemical sector, the Long Son Petrochemical Complex (LSP) - a flagship project of SCG - is undergoing a major transformation with a USD 700 million (17.5 trillion VND) investment to upgrade operations. A key focus of this upgrade is the strategic shift to imported ethane from the U.S. to improve efficiency and reduce emissions. LSP is also fostering a sustainability mindset in local communities through its “Waste Separation Project” initiative.
In the manufacturing segment, Binh Minh Plastics, a member company of SCG, has demonstrated strong energy management performance, reducing more than 1,100 tons of CO₂-eq in 2024 through electricity-saving measures and the use of solar energy.
Vina Kraft Paper CO,. Ltd pioneers the adoption of the 4R model, recycling nearly 100% of its raw materials from wastepaper to produce sustainable packaging and conserve resources
In the packaging field, SCG’s subsidiary Vina Kraft has been recognized for four consecutive years as one of Vietnam’s Top 100 Sustainable Businesses, thanks to its 4R model (Redesign – Reduce – Reuse – Recycle), which enables nearly 100% use of recycled raw materials sourced from wastepaper.
Collectively, these consistent efforts by SCG’s member companies have strengthened the group’s position in the Fortune SEA 500 ranking, reaffirming its leadership in sustainable development across the region.
With a vision for Net Zero by 2050, SCG continues to invest in innovation, eco-friendly products, and initiatives that improve regional quality of life. Looking ahead, SCG remains committed to expanding its Southeast Asian footprint, guided by a strategy of Inclusive Green Growth (IGG) - working hand-in-hand with communities and governments to build a sustainable, green economy.
Van Luong (Vietnam Business Forum)
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