|At the event (Source: VNA)
The four-day event was co-organised by the Ministry of Industry and Trade (MoIT)’s Vietnam National Trade Fair & Advertising Company (Vinexad), Yorkers Trade and Marketing Services Co., and Vietnam Plastics Association.
Speaking at the opening ceremony, deputy head of the MoIT’s Trade Promotion Agency Le Hoang Tai said the event has become a prestigious destination for domestic and foreign firms with the display of the latest machinery and equipment.
Vinexad Deputy General Director Pham Dang Khanh said the exhibition displays products on a total area of 8,500 sq.m, luring exhibitors from India, Taiwan (China), the Netherlands, the Republic of Korea (RoK), Hong Kong (China), Malaysia, Japan, Singapore, China and Vietnam, most notably from Taiwan and the RoK.
The number of exhibitors rose by half thanks to strong growth of the northern market. The event is expected to draw more than 8,000 professional purchasers.
According to the Mordor Intelligence Research, Vietnam’s plastics market is forecast to grow by 6.63 percent annually during the 2018-2023 period which the packaging, automobiles, electronics and other industrial product sectors are expected to lead the domestic market
The Vietnamese market holds huge potential when leading brands such as Foxconn and Samsung and other famous ones in automobiles have built factories in the country.
A seminar themed “Vietnamese plastics sector – Packaging Industry: great opportunities from the fourth industrial revolution” was also held on the same day.