With a growth rate of 15-20 percent per year and a total annual revenue of 15 billion USD, with 3 billion from exports, Vietnam’s plastic industry boasts huge development potential
Vietnamese plastic firms are facing fierce competition and threats of being acquired by foreign peers, experts said at a conference held in Ho Chi Minh City on November 2.
The Vietnam Saigon Plastic Association will focus on research to develop renewable raw materials replacing fossil-based materials for making plastics in the 2016-20 period, its president has said.
Vietnam's plastics sector will maintain its strong growth rate of 14-16 percent in the next few years due to its young population and high consumption capacity.
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