Plastic products exports up 20%
Thursday, August 2,2018AsemconnectVietnam - Exports of plastic products were worth US$1.43 billion in the first half of the year, a year-on-year increase of 20 per cent, according to the General Department of Vietnam Customs.
They were shipped to many markets, with Japan being the largest, accounting for $312.5 million worth, 15.7 per cent up.
Shipments to the US were worth $223.7 million, while the other major buyers were the Netherlands ($75.9 million) and South Korea ($75.3 million).
Exports to many markets, including India, Hong Kong, Turkey, China, Ukraine, Russia, and Bangladesh, are rising.
Shipments to India rose by over 159.4 per cent to $17.6 million.
Exports to Hong Kong were up 158.8 per cent to $29 million.
But exports to certain markets such as the Philippines (down by 31.3 per cent), Laos (26.3 per cent) and UAE (26.2 per cent) declined.
According to the Viet Nam Plastics Association, the industry is one of those to achieve steady growth of 14-15 per cent a year with its export growing by 12-14 per cent annually.
The industry still has a lot of room to grow because the per capita consumption of plastic products in Viet Nam remains low at 41kg per year, while it is 48.5kg in Asia and 69.7kg globally.
Companies have increased investment in technology and plants and are tying up with foreign partners to improve their competitiveness.
Source: VNS
Vietnam's petroleum exports and imports in March and the first 3 months of 2024
WB: Vietnam's economy shows signs of recovery, GDP may reach 5.5% in 2024
Vietnam’s leading rice export markets in first quarter of 2024
Vietnamese canned sugarcane juice favoured in US
Investor confidence gains traction on improved business climate
Chile is tending to increase tuna imports from Vietnam
Textile and garment sector keeps growth and attracting FDI investment
Exports and imports of animal feed and raw materials in March and first 3 months of 2024
Vietnam's seafood exports and imports in March and first 3 months of 2024
DAILY: Vietnamese pepper prices decreased by 1000 VND on April 25, 2024
DAILY: Vietnamese coffee prices increased by 2000 VND on April 25, 2024
In first 3 months of this year, Italy was Vietnam's largest iron and steel import market
Measures to continue to be "bright spot" in attracting FDI
Vietnam seeks to remove obstacles in upgrade of securities market
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
12th-century ancient road unearthed at My Son Sanctuary
An ancient road dating back to the 12th century has freshly been discovered in an excavation on architectural ruins at the east side of ...Efforts made to seek UNESCO’s recognition for Con Moong ...
Vietnam Art Photo Contest and Exhibition 2024 to be held ...
Bas-relief featuring talks between Uncle Ho and soldiers ...