Increasing global demand for plastic products has provided opportunities for domestic manufactures to expand their markets, according to the Industry and Trade Information Centre.
Statistic showed that by June 15, the export turnover of the plastics industry had reached 771.7 million USD and was forecast to increase the in coming months.
Japan was the largest importer of Vietnamese plastic products, with turnover of 163.3 million USD in the first five months of the year, followed by the US (76.6 million USD), Cambodia (60.1 million USD) and Germany (44.1 million USD).
Vietnamese exported a diversified range of products, from plastic bags to household commodities and industrial plastics, Vietnamese-made plastics bags are now present in nearly 60 markets around the world.
This is a great opportunity for domestic’s plastics producers to boost exports to difficult markets as many are shifting from importing products from China, according to Thoi bao Kinh Te Vietnam (Vietnam Economics Time).
It is important to improve product quality and enhance competitiveness to grasp this chance, experts said.
The plastics industry plans to produce high quality and environmentally friendly products with diverse range of types and models together with increasing the proportion of technical plastics and plastics products for construction.
According to the Vietnam Plastics Association, the plastics industry is expected to grow at a rate of 11-13.5 percent this year to reach 2.2 billion USD in export turnover.
Last year’s export turnover hit 1.98 billon USD, representing a 42 percent increase over 2011.-VNA
Statistic showed that by June 15, the export turnover of the plastics industry had reached 771.7 million USD and was forecast to increase the in coming months.
Japan was the largest importer of Vietnamese plastic products, with turnover of 163.3 million USD in the first five months of the year, followed by the US (76.6 million USD), Cambodia (60.1 million USD) and Germany (44.1 million USD).
Vietnamese exported a diversified range of products, from plastic bags to household commodities and industrial plastics, Vietnamese-made plastics bags are now present in nearly 60 markets around the world.
This is a great opportunity for domestic’s plastics producers to boost exports to difficult markets as many are shifting from importing products from China, according to Thoi bao Kinh Te Vietnam (Vietnam Economics Time).
It is important to improve product quality and enhance competitiveness to grasp this chance, experts said.
The plastics industry plans to produce high quality and environmentally friendly products with diverse range of types and models together with increasing the proportion of technical plastics and plastics products for construction.
According to the Vietnam Plastics Association, the plastics industry is expected to grow at a rate of 11-13.5 percent this year to reach 2.2 billion USD in export turnover.
Last year’s export turnover hit 1.98 billon USD, representing a 42 percent increase over 2011.-VNA
