Vietnam's biodegradable plastic products have great potential for export to Spain as the country's household plastic market is expected to grow significantly in the next few years, especially with the rise of eco-friendly products.
SKC Co. of the Republic of Korea (RoK) is planning to build a factory in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business.
Biodegradable plastic materials meeting strict international standards produced by An Phat Holdings (APH) of Vietnam will be distributed throughout North America in the coming time.
Amid the increase of plastic waste, especially plastic bags, it is necessary to strengthen the management of the waste as the effectiveness of the work has fallen far below the requirements.
Vietnam aims to use 100% of environmentally-friendly plastic bags and packaging at shopping malls and supermarkets by 2025, according to a project on strengthening management of plastic waste in Vietnam approved by Deputy Prime Minister Le Van Thanh on July 22.
The demand for biodegradable plastics in Vietnam is projected to reach 80,000 tonnes annually by 2025, according to Associate Prof. Dr. Le Hung Anh, Director of the Institute of Environmental Science, Engineering and Management.