Export revenues from plastics in the first half of 2013 surpassed 1 billion USD, up 9.3 percent year-on-year, according to the Vietnam Plastics Association (VPA).

Revenue from finished plastic products rose by 11.5 percent to reach 851 million USD.

According to the VPA, plastics firms are still investing in new equipment and technology to enhance their capacity as the demand for plastic materials and products remains strong in major markets such as the US.

The association said that home and car accessories made of plastic are selling well in 2013 and predicted to remain strong in the years to come thanks to its wide applicability and large global demand.

Under a plan running until 2020, Vietnam aims to increase its share of the market for plastic products used by construction and industry, and to reduce the proportion of plastics used for packaging and household goods.-VNA