Nguyen Ngoc Minh Thy, deputy chairman of the Vietnam Packaging Association, talks about the growth of the packaging industry at a seminar held in HCM City on November 11. (Photo: VNA)
HCM City (VNA) - The packaging industry is expected to grow at12.3% a year until next year, according to the Vietnam Packaging Association.
The growth is driven by the growth in F&B, consumer goods, exports, ande-commerce.
The Vietnamese market offers huge opportunities to foreign investors, accordingto Khieu Duy Hai, director of market research and consulting of FiinGroup.
The industry posted average growth of 11% a year in 2017-21, and achievedrevenues of 13.2 billion USD last year, he told a recent seminar in Ho Chi Minh City.
The industry has four segments -- plastic, paper, corrugated, and glasspackaging - with plastic holding the largest share, according to Hai.
Knowing the long-term growth potential of the Vietnamese market, many foreigninvestors have been entering the market and expanding via mergers andacquisitions.
Green packaging has huge growth potential due to the EPR (extended producerresponsibility) scheme that encourages packaging producers to managecollection, sorting and recycling of the packaging they send into the market,the Environment Protection Law and CSR commitments by producers.
Nguyen Ngoc Minh Thy, deputy chairman of the Vietnam Packaging Association,said the industry was making efforts to accelerate digital transformation andautomation of manufacturing to improve its efficiency and product quality.
It was also catching up with key trends in global packaging materials anddesigns, with a focus on green and sustainable development, they said./.
Vietnam has become an increasingly attractive destination for international enterprises in the food, beverages and packaging industry thanks to its rapid economic growth and rising consumer demand.
The Ministry of Natural Resources and Environment (MONRE) and the Packaging Recycling Organisation Vietnam (Pro Vietnam) inked a deal in Hanoi on September 11 on joint efforts to reduce plastic waste.
Vietnam’s food processing and packaging industry has expanded by 15-20 percent annually over the past several years and is likely to grow further in the coming years, according to the Association of Vietnam Retailers (AVR).
As many as 375 firms will display their products at the Vietnam International Printing and Packaging Industry Exhibition (VietnamPrintPack), which will held in HCM City from October 16 to 19.
The latest technologies, equipment and products in the printing and packaging industry will be on display at the 20th Vietnam International Printing and Packaging Industry Exhibition (Vietnam Print Pack 2022) to be held in Ho Chi Minh City from September 21 to 24.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Nguyen Ngoc Minh Thy, deputy chairman of the Vietnam Packaging Association, talks about the growth of the packaging industry at a seminar held in HCM City on November 11. (Photo: VNA) 
