2016 to be a tough year for paper sector hinh anh 1Illustrative image (Source: Internet)
Phu Tho (VNA) – The domestic paper industry is forecast to face a spectrum of difficulties in 2016, said Vu Thanh Binh, General Director of the Vietnam Paper Corporation at a conference in the northern midland province of Phu Tho on January 21.

He explained that a number of the corporation’s production lines are outdated, while the writing and printing paper market is likely to be affected by the economic downturn this year, and face fierce competition with imported products.

Given this, the corporation will focus on improving its products’ competitiveness, raising productivity, improving product quality, and caring for existing customers while expanding the market, Binh said.

It will also accelerate the development of its woodlands, pour investments in new projects and equitise the corporation in line with the Prime Minister’s instruction, the General Director noted.

According to Binh, the corporation aims to pocket more than 2.6 trillion VND (117 million USD) this year, produce 116,000 tonnes of paper, sell 115,000 tonnes and contribute 107 billion VND (4.8 million USD) to the State budget.

Last year, the corporation earned nearly 2.8 trillion VND (126 million USD), fulfilling only 94.2 percent of the set target.-VNA