The domestic paper industry is forecast to face a spectrum of difficulties in 2016, said Vu Thanh Binh, General Director of the VN Paper Corporation at a conference in Phu Tho province on Jan. 21.
Phu Tho (VNA) – The domestic paper 𝓀industry is forecast to face a sp🌳ectrum of difficulties in 2016, said Vu Thanh Binh, General Director of the Vietnam Paper Corporation at a conference in the northern midland province of Phu Tho on January 21.
He explained that a number of the corporation’s production lines are outdated, while the writing and printing paper market is likely to be affected by the economic downturn this year, and face fierce competition with imported products.
Given this, the corporation will focus on improving its products’ competitiveness, raising productivity, improving product quality, and caring for existing customers while expanding the market, Binh said.
It will also accelerate the development of its woodlands, pour investments in new projects and equitise the corporation in line with the Prime Minister’s instruction, the General Director noted.
According to Binh, the corporation aims to pocket more than 2.6 trillion VND (117 million USD) this year, produce 116,000 tonnes of paper, sell 115,000 tonnes and contribute 107 billion VND (4.8 million USD) to the State budget.
Last year, the corporation earned nearly 2.8 trillion VND (126 million USD), fulfilling only 94.2 percent of the set target.-VNA
The Vietnam Paper Corporation (Vinapaco) targeted earnings of more than 6.6 trillion VND (314 million USD) this year, a year-on-year increase of 25 percent, the corporation announced.
Paper consumption in Vietnam is expected to increase by a minimum of 13 percent annually until 2015, reaching 4.37 million tonnes by then, the fifth industry congress heard in HCM City on April 19.
More than 60 domestic and overseas companies are displaying their products and services at the International Exhibition of Chemicals and Technologies used in the Paper Industry, which opened in Ho Chi Minh City on April 19. The three day exhibition will connect providers and producers in the Asian paper industry and help them to update their existing customers and seek out new partners and markets.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
Illustrative image (Source: Internet)
