Siam Cement Group eyes Vietnam expansion

Thailand's Siam Cement Group plans to expand its operations in Vietnam, especially in the cement and  petrochemical sectors.

"Our target is that we must have a cement factory here, but by when we still cannot say. We're studying if we should invest on our own or through a joint venture," Dhep Vongvanich, SCG's Vietnam executive director, told The Nation newspaper.

Meanwhile, Vongvanich added that SCG would continue with the construction of the US$4.5bn Long Son integrated petrochemical complex in the southern Ba Ria – Vung Tau Province, despite the recent withdrawal of Qatar Petroleum, one of the four key partners in the project.