Plastics exports target US$400 million in Q2

Vietnam’s exports of plastic products are predicted to reach US$400 million in the second quarter this year, according to the Vietnam Plastics Association (VPA).

VPA Deputy Chairman Ho Duc Lam said the country’s total plastics export value may hit US$1.7 billion in 2012, up 25-28 percent over last year.

Importers highly appreciated Vietnamese plastic products, and have already placed orders until the end of August.

Followed by the US, with over US$15.5 million in import value, Japan is now Vietnam’s largest plastics import market, mostly importing plastic bags, packing products and industrial plastics.

Last year, Vietnamese plastic products were listed among the top ten exports to Malaysia, a promising market which is expected to contribute more than US$17 million to Vietnam’s total export earning in the second quarter.