The domestic plastic industry has achieved a high growth in exports butcontinues to face difficulties arising from a lack of input materials,said the Vietnam Plastic Association (VPA).
The Thoi bao Kinhte Viet Nam (Vietnam Economic Times) newspaper quoted the association assaying that in the third quarter of 2014, the industry achieved a17.9-percent year-on-year increase in the total export value of plasticproducts to 2 billion USD.
During the period, export valueshowed strong growth, posting year-on-year increases of 78.28 percentfor the Myanmar market, 69.19 percent for the Belgian market and67.73 percent for the Swedish market.
VPA Chairman Ho Duc Lamsaid that in the third quarter, Japan was the largest export marketfor Vietnamese plastic products, accounting for 24.79 percent of totalexport value. Export value to Japan had a year-on-year surge of 25.2percent, with 20 kinds of plastics products, mainly for transport,packaging and office stationery. The association expected the exportvalue to Japan to grow by 13 percent for this year.
TheUS was the second largest export market, accounting for 12.65 percentof total export value. The export value to the US had a year-on-yearsurge of 38.69 percent and the figure is expected to increase by 11 to13 percent, though Vietnamese exporters faced anti-dumping duties fortheir export of plastic and spongy air bubble bags to the country.
The association and domestic plastic exporters have prepared documentsand data for US offices on the sunset review of anti-dumping duties inthe last quarter of this year, Lam said.
Meanwhile, thedomestic plastic industry also had opportunities to promote products tothe European Economic Zone because anti-dumping duties of between eightto 30 percent were imposed on some Asian countries but not on Vietnam.
The VPA expected the country to achieve a year-on-year surgeof 16.5 percent in plastic export value to 2.6 billion USD for 2014,Lam added.
However, domestic plastic producers must import 80percent of their input materials, and these accounted for 70 to 80percent of production costs, thereby reducing the added value andcompetitiveness of these products.
To achieve sustainabledevelopment in the future, Lam suggested that domestic plastic producersproduce plastic material, export environment-friendly products withhigh added value that meet international health and safety standards andupdate their production technology.-VNA
The Thoi bao Kinhte Viet Nam (Vietnam Economic Times) newspaper quoted the association assaying that in the third quarter of 2014, the industry achieved a17.9-percent year-on-year increase in the total export value of plasticproducts to 2 billion USD.
During the period, export valueshowed strong growth, posting year-on-year increases of 78.28 percentfor the Myanmar market, 69.19 percent for the Belgian market and67.73 percent for the Swedish market.
VPA Chairman Ho Duc Lamsaid that in the third quarter, Japan was the largest export marketfor Vietnamese plastic products, accounting for 24.79 percent of totalexport value. Export value to Japan had a year-on-year surge of 25.2percent, with 20 kinds of plastics products, mainly for transport,packaging and office stationery. The association expected the exportvalue to Japan to grow by 13 percent for this year.
TheUS was the second largest export market, accounting for 12.65 percentof total export value. The export value to the US had a year-on-yearsurge of 38.69 percent and the figure is expected to increase by 11 to13 percent, though Vietnamese exporters faced anti-dumping duties fortheir export of plastic and spongy air bubble bags to the country.
The association and domestic plastic exporters have prepared documentsand data for US offices on the sunset review of anti-dumping duties inthe last quarter of this year, Lam said.
Meanwhile, thedomestic plastic industry also had opportunities to promote products tothe European Economic Zone because anti-dumping duties of between eightto 30 percent were imposed on some Asian countries but not on Vietnam.
The VPA expected the country to achieve a year-on-year surgeof 16.5 percent in plastic export value to 2.6 billion USD for 2014,Lam added.
However, domestic plastic producers must import 80percent of their input materials, and these accounted for 70 to 80percent of production costs, thereby reducing the added value andcompetitiveness of these products.
To achieve sustainabledevelopment in the future, Lam suggested that domestic plastic producersproduce plastic material, export environment-friendly products withhigh added value that meet international health and safety standards andupdate their production technology.-VNA
