VietnamPlas 2010

Over the past 5 years, the GDP growth increased by 15% per year in extended industry, 18.50% in manufacturing and services, 6.90% in machinery sector on average. There is also an increase of 22.16%/year in foreign capital investment area, 8.68%/year in national economic area averagely.

Plstics & Rubber

Vietnam expects to earn US$600 million by exporting nearly 2.5 million tones of plastic products in 2008, up 33 percents over the same period last year.

The country grossed US $92 Million from plastic product exports in the first quarter of 2006, a year on year increase of 20.7%. The sector requires about 800,000 tones of PE, 700,000 tones of PP (Polypropylene), and 75,000 tones of PS (Polystyrene), annually. The primary suppliers of resins from Thailand, South Korea, Taiwan, Singapore and the US. Locally made resins, currelty meet only one third of the total demonds. The industry is now planning to raise local inputs to 50% by 2010, or equal to producing 2.1 million tones of material.