Vietnam Overseas

Viet Nam expects to earn US$500 million by exporting nearly 2 million tonnes of plastic products in 2006, up 43 percent over the same period last year.

To reach the target, the Ministry of Industry has asked local plastic businesses to further promote their products and export activities in foreign markets. Businesses are also required to step up the production of sought-after commodities such as packaging and high-quality plastic products.

The ministry said Japan and the US will continue to be Viet Nam’s largest plastic markets this year. Exports to Cambodia, Taiwan and the Philippines are expected to see high growth, while exports to other ASEAN member countries, China and the Republic of Korea are likely to decrease, it said.

The country grossed US$92 million from plastic product exports in the first quarter of 2006, a year-on-year increase of 20.7 percent.
 
Source: Vietnam Agency, posted August 18, 2006

(Vietnam News Briefs Via Thomson Dialog NewsEdge) from the VIETNAM NEWS BRIEFS, September 5, 2007 Vietnam’s plastic exporters are estimated to have shipped abroad $442 million of plastic products in the first eight months of this year, up 49.4% on-year, the government’s General Statistics Office (GSO) showed  In August alone, the industry shipped $65 million of plastic products, down 46% on month, GSO said  The sector is set to rake in $580 million from export this year, an increase of 21.3% against last year, mainly to markets of high demand including the US, EU, Northern Europe, Japan, and South Korea, said the Vietnam Plastic Association. By 2010, the country is set to produce some 3.8 million tons, or a per capita output of 42 kg a year, much higher than 1.7 million tons and 23kg of 2006, respectively. Vietnam is now home to 1,400 plastic manufacturers, with more than 80% located in Ho Chi Minh City. Toan Viet Ltd, Source: The Financial Times Limited – posted September 5, 2007 – Hanoinet Sep 05, GSO Aug Edition, Vietnam Panorama.