Illustrative image (Source: VNA) HCM City (VNA) – Exports of plastics are expected to grow by 12–15 percent this year, according to the Vietnam Plastics Association (VPA).Ho Duc Lam, chairman of the association, said the country’s key export markets this year would be Japan and the US, which has high demand.Other markets such as China, Laos, Cambodia and Myanmar are expected to become new export markets for plastics in the future.Plastic bags made in Vietnam are still subject to anti-dumping taxes in the US market, but the US imposition of anti-dumping duties has had almost no impact on exports of the sector, according to Lam.Every year, the average US import turnover is more than 50 billion USD for plastics and plastic products, accounting for 9.1 percent of the world’s total import of plastics, according to VPA. The largest plastic export market is Japan, with an average growth rate of 20–25 percent per year. Vietnam now ranks sixth in the top 10 countries exporting plastics to Japan, which is one of the most difficult markets with many strict regulations on the quality of goods. Vietnamese plastic exporters have been urged to improve quality, design and trade promotions to enter this market.Lam recommended that Vietnamese plastic producers prepare long-term strategies and invest in market research to increase their penetration into the Japanese market.In addition, the EU’s demand for plastic products imported from Vietnam is high, especially plastic pipes.Vietnam’s plastic products are not subject to anti-dumping duties in the EU markets like other Asian… [Read full story]
The total import-export turnover of Vietnam has reached US$30.85 billion in the first two months of the year, up by 16.4 per cent over the same period last year, said General Directorate of Customs. In the first two months, the country had an import turnover of $15.47 per cent, a year-on-year increase of 8.7 per cent. On the whole, the country's trade gap for the period was $101 million, accounting for 0.7 per cent of the total export turnover. Meanwhile, export turnover posted $15.37 billion, an increase of 25.4 per cent over the same period last year. Commodities showing an…... [read more]
Exports of plastics are expected to grow by 12–15 per cent this year, according to the Viet Nam Plastics Association (VPA). Ho Duc Lam, chairman of the association, said the country’s key export markets this year would be Japan and the US, which has high demand. Other markets such as China, Laos, Cambodia and Myanmar are expected to become new export markets for plastics in the future. Plastic bags made in Viet Nam are still subject to anti-dumping taxes in the US market, but the US imposition of anti-dumping duties has had almost no impact on exports of the sector,…... [read more]
Vietnam's plastics industry earned 2.2 billion USD in 2013, posting a 13 percent increase from the previous year. The export turnover of plastic materials was 407 million USD, representing a rise of 25 percent and 57 percent from the previous year in terms of quantity and turnover, respectively, Customs newspaper quoted Ho Duc Lam, Chairman of the Vietnam Plastic Association, as saying. Plastic material production requires the use of high technology, which generates higher-value exports compared with common plastic product exports. Lam said the industry last year exported 20 plastic products to foreign markets; six of these products generated a…... [read more]
VietNamNet Bridge - The total import-export turnover of Vietnam has reached US$139.22 billion in the first eleven months of the year, an increase of 21.9 percent over the same period last year, said General Directorate of Customs. In the past 11 months, export turnover posted more than $64.28 billion, a 24.5 percent year-on-year increase. The growth of export turnover in the past 11 months was attributed to the increase in most commodity prices, including agricultural products from 4.8 percent to 83.8 percent; crude oil, 33.9 percent; and coal, 53.2 percent. Of agricultural product, cassava saw the highest increase of 83.8…... [read more]
The country's export turnover reached an estimated 51.5 billion USD during the first nine months of the year, an increase of 23.2 percent compared to the same period last year, reported the General Statistics Office. The domestic sector earned 24.1 billion USD, a 19.7 percent increase, while the foreign-investment sector fetched 27.35 billion USD (including crude oil), a 26.5 percent increase. Export commodities earned more than 1 billion USD in revenue. Coffee, cassava and cassava products, and crude oil declined in export turnover in comparison to the same period last year. The country imported 60.1 billion USD in commodities during…... [read more]
