Vietnamplus

Many experts have raised concerns about the import of thousands of containers of plastic, and proposed raising fees for importing plastic waste to Vietnam and then using it as materials.

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

Ho Chi Minh City enjoyed robust industrial growth in the first nine months of the year thanks to improvements in its business climate, the municipal Department of Industry and Trade (DoIT) said on October 11.

The Vietnam Plastic Association (VPA) has predicted that plastic exports will grow 6 percent in 2017, with major market being Japan and the US.

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.

Vietnamese shares continued to fall on both local markets on April 20 to extend losses from previous day, led by the food and beverage industry.

Vietnamese shares were mixed on February 23 as some investors took profits on recent gainers.

Vietnamese shares on January 26 pulled back from a four-year jump early this week as a sharp fall in oil prices dragged down investor confidence on global markets.