Siam Cement Group to invest US$3.7 bln in petrochemical complex in Vietnam

Siam Cement Group (SCG-owned by Thailand's Royal family) plans to invest US$3.7 bln into the Petrochemical Complex Project in Long Son, in the southern coastal province of Ba Ria-Vung Tau- Vietnam. The first phase of construction is estimated to be complete in 2011, and the entire project is to be completed in 2013. The group is applying for the investment license needed to undergo this project. Upon completion, the project will help save a large portion of foreign exchange in US dollars, as the new complex will share some facilities and resources with the VietNam National Oil and Gas Group's Oil Refinery No.3 in Long Son.
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