Exports of plastic products were worth 1.43 billion USD in the first half of the year, a year-on-year increase of 20 percent, according to the General Department of Vietnam Customs.
HCM City(VNS/VNA) - Exports of plastic products were worth 1.43 billion USD in thefirst half of the year, a year-on-year increase of 20 percent, according to theGeneral Department of Vietnam Customs.
They were shipped to many markets, with Japan being the largest, with 312.5million USD, 15.7 percent up.
Shipments to the US were worth 223.7 million USD, while the other major buyerswere the Netherlands (75.9 million USD) and the Republic of Korea ($75.3million USD).
Exports to many markets, including India, Hong Kong, Turkey, China, Ukraine,Russia, and Bangladesh, are rising.
Shipments to India rose by over 159.4 percent to 17.6 million USD. Exports toHong Kong were up 158.8 percent to 29 million USD.
But exports to certain markets such as the Philippines (down by 31.3 percent),Laos (26.3 percent) and UAE (26.2 percent) declined.
According to the Vietnam Plastics Association, the industry is one of those toachieve steady growth of 14-15 percent a year with its export growing by 12-14percent annually.
The industry still has a lot of room to grow because the per capita consumptionof plastic products in Vietnam remains low at 41kg per year, while it is 48.5kgin Asia and 69.7kg globally.
Companies have increased investment in technology and plants and are tying up withforeign partners to improve their competitiveness.-VNS/VNA
The domestic plastic industry has achieved a high growth in exports but continues to face difficulties arising from a lack of input materials, said the Vietnam Plastic Association (VPA).
The 15th Vietnam International Plastic and Rubber Industry Exhibition (Vietnam Plas, Vietnam Rubber 2015) opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on September 16.
Plastic exports grew by 17.3 percent to over 3 billion USD in 2017 and are expected to expand by 12-15 percent this year, according to the Vietnam Plastic Association (VPA).
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.
Illustrative image (Source: VNA) 
