Plastics exports forecast on upward trend

VOV.VN -The Vietnamese plastic industry gained a total export value of over US$3 billion last year, a year-on-year increase of 17.3%, according to the Vietnam Plastic Association (VPA).

plastics exports forecast on upward trend hinh 0
With the growth momentum, plastic exports are expected to grow between 12%-15% this year with Japan and the US as major markets.

China, Cambodia, Laos and Myanmar are also promising emerging markets in the coming time. 

Vietnam’s plastic industry needs around 4 million tonnes of raw materials a year. However, domestic petrochemical businesses can meet only 20% of its demand.

Related news