The plastics industry has enjoyed impressive growth this year, driven by steady demand from the construction, packaging and consumer industries, according to the Vietnam Plastics Association.

The plastics industry is likely to reduce imports of raw materials in the coming years due to increased domestic production, according to the Vietnam Plastics Association.

The plastics industry produced 8.89 million tonnes of products in 2019, up 7.2 percent from the previous year, and earned 17.58 billion USD in total revenues, it was reported at a conference held by the Vietnam Plastics Association on January 3.

Companies in the plastics industry should apply advanced technologies to maintain competitiveness after the ASEAN Economic Community (AEC) takes effect by year-end.

The sharp decrease in prices of several kinds of raw materials has encouraged domestic companies to expand production activities, according to Thoi Bao Kinh Te Sai Gon (Saigon Economics Times).