Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam News  >> Trade  >> Plastic exports continue to rise
NEWS UPDATES Asean Affairs   2 August 2013  

Plastic exports continue to rise
HCM CITY — Exports of plastic products are expected to increase by 11-13.5 per cent, reaching US$2.2 billion in turnover this year, according to the Viet Nam Plastic Association (VPA).
The country earned more than $1 billion from plastic exports in the first half of the year, up 9.3 per cent from the same period last year.
Japan was the largest importer, accounting for more than 22 per cent of the country's total plastic exports, followed by the US, Cambodia and the EU.
In addition, India has emerged as a potential market for Vietnamese plastic products as demand from Indian industry increases, according to the association.
The association also forecasts that plastic exports to Japan, the US, China, India, Thailand and Malaysia will continue to rise.
Experts agreed that the domestic plastic industry would develop well, as locally made products have improved in quality.
Increased global demand has also provided opportunities to expand markets.
However, despite higher demand, the plastic industry in the country still lacks sufficient raw materials, high input costs and poor production technology.
Huynh Thi My, VPA general secretary, said the plastic industry needed 2.2 million tonnes of raw materials each year, but the local market only supplied 450,000 tonnes.
In the first half of the year, the country spent $2.7 billion on imported raw materials to produce plastic, a year-on-year rise of 19.2 per cent in volume and 20.3 per cent in value.
Qualified human resources are another problem facing the industry, according to the VPA.
The plastic industry, which targets export revenue of $7 billion by 2020, plans to produce more high-quality and environmentally friendly products with a diverse range of models.
In addition, it also plans to reduce production of packaging and household plastic products and increase production of technical plastics and plastic products for construction.
To achieve the targets, the industry will focus more on developing raw material sources and will invest in new equipment and technology.
Plastic exports topped $1.98 billion last year, up 42.2 per cent over 2011. 


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories    2  August 2013 Subsribe Now !
• Rupiah weakened on Thursday due to inflation data  Subcribe: Asean Affairs Global Magazine
• Lao policy makers explore measures to contain land occupation  Asean Affairs Premium
• Sembcorp expands waste-to-energy capacity in Singapore 
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Petronas project delay impacts firms
• Thailand sees Q2 growth but exports slip 
• Laos Confirms 'Preparatory' Work on Controversial Dam Project 
• Plastic exports continue to rise
Asean Analysis            1 August 2013 Advertise Your Brand
• Asean Analysis- August 1, 2013
• Asean Weekly:The Biweekly Update 29 July 2013
Asean Stock Watch     1 August  2013
• Asean Stock Watch-August 1, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com