Plastic sector targets export growth

Vietnam's plastics exports were expected to increase between 13.5 and 16.5 percent this year, thanks to efforts by domestic producers to improve product quality.

Over the past three months, plastics exports had experienced a year-on-year rise of 19 percent to approximately 485 million USD, the Vietnam Plastic Association said.

It noted that Japan remained the country's largest importer of plastic products, importing goods worth over 121 million USD and accounting for 25 percent of Vietnam's total plastic exports. It was followed by the US which made up 58 million USD, or 12 percent of the total export turnover.

Plastic exports continue to rise

Exports of plastic products are expected to increase by 11-13.5 percent, reaching 2.2 billion USD in turnover this year, according to the Vietnam Plastic Association (VPA).

Plastics ripe for investment

Despite the economic crisis, the country’s plastics industry is expected to grow at 15 percent this year and nest, more than twice the GDP growth rate, offering a lucrative investment avenue, analysts say.

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