APEC 2022 Thailand Opens Business Opportunities; SCG Meets with 3 Nation Leaders to Forge Ties and Promote Trade, Investment and Economic Strengthening

SCG met with three country leaders during their official visit to Thailand at APEC 2022 Thailand. SCG had the opportunity to meet with President Nguyen Xuan Phuc of Vietnam, President Ferdinand R. Marcos Jr. of the Philippines, and Prime Minister Han Duck-soo of South Korea to strengthen ties and discuss business, trade, and investment cooperation with the aim of boosting the economic potential of the Asia-Pacific Economic Area.

Roongrote Rangsiyopash, President and CEO of SCG, said, “APEC 2022 Thailand is a forum for economic cooperation within the Asia-Pacific Economic Area, which has greatly benefited the region’s trade, investment, and economic recovery. It is also an excellent opportunity for businesses to meet with leaders of different countries to strengthen ties, resulting in business cooperation, trade, and investment in addition to boosting the economic potential of the Asia-Pacific Economic Area, consistent with the concept of APEC 2022 Thailand ‘Open. Connect. Balance.’”

SCG meets with the Prime Minister of the Republic of Korea

On this occasion, SCG had the opportunity to meet with three country leaders. President Nguyen Xuan Phuc of Vietnam is among those with whom SCG discussed its investments, such as the Long Son Petrochemicals (LSP) project, which is implemented in strict conformance with global safety and environmental friendliness standards. It will commence commercial operations in early 2023, contributing to Vietnam’s sustainable economic growth.

SCG meets with the President of Vietnam

SCG also met with the President of the Philippines, Ferdinand R. Marcos Jr., where they discussed the operations in which SCG has already invested as well as plans to develop future investment projects to strengthen the country’s economic structure. Furthermore, SCG met with Han Duck-soo, the Prime Minister of South Korea, a nation with high innovation potential. SCG has explored investment potential in digital technologies, energy innovations such as clean energy solutions, solar energy, electric vehicle innovations, and networking and partnerships amongst business operators.

SCG meets with the President of the Philippines

The APEC 2022 Thailand summit not only strengthens ties within the Asia-Pacific Economic Area but also promotes cooperation to drive the economies of the government sector, businesses, and other sectors. This has resulted in job creation and income generation, contributing to the recovery of the global economy following the COVID-19 crisis. This is due to the fact that the Asia-Pacific Economic Area has a total population of more than 2.9 billion people or about one-third of the world, and a combined gross domestic product (GDP) of more than USD 53 trillion, or about 1,700 trillion baht, exceeding half of the world’s GDP and accounting for nearly half of global trade.

Published on: Nov 25, 2022

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