ID :
45061
Wed, 02/11/2009 - 15:34
Auther :
Shortlink :
http://m.oananews.org//node/45061
The shortlink copeid
Plastics industry sets sights on 1 billion USD in exports
Hanoi (VNA) - The plastic industry is targeting an export turnover of 1 billion USD in 2009, a year-on-year increase of 15.9 percent, says the Vietnam Plastic Association.
The plastic industry will have many opportunities to expand production in the next
couple of years to increase export turnover. Moreover, the plastic market is wide
and not too difficult to break into, the association says.
The industry has recently experienced the most rapid export growth rate in the
country. In 2006, its export growth rate was 35 percent. The rate was 33 percent and
34 percent in 2007 and 2008 respectively.
According to UN Comtrade, the Statistics Division of the United Nations, there's a
good opportunity to break into foreign markets.
The association, for its part, says that the domestic plastic industry will develop
to meet the demands of the world market if it can solve problems relating to
quantity and design.
Though the industry is expected to reach a high export turnover, the association
warns that it will be a year of challenges due to the world recession.
It says that there will be major upheavals in the world market this year.
For example, about 70 percent of the plastic industry's export turnover is from
packing. This year, however, packing production will face strong competition as big
markets like the United States and Japan limit plastic imports for vehicle
production.
So, instead of making plastics used for vehicle production, plastic companies will
produce packing to serve the food industry.
In addition, many countries will use economic barriers to protect their domestic
industries, which will compound the Vietnamese plastic industry's difficulties.
The most important thing is that domestic plastic companies must cooperate and
support each other to overcome difficulties, says Phan Van Thanh, chairman of the
association.
The world recession is temporary, but cheap imported plastics is a long-term risk
for the domestic plastic industry. Domestic companies must restructure the industry
to produce products on a large scale to reduce costs, he says.
This year, to help the industry boost production, the association is encouraging
domestic companies to study Japan and Middle East markets.
In 2009, the association will set up a foundation to develop the Vietnamese plastic
industry. It also proposes that the Government allow the industry to import machines
to produce high quality plastics.-Enditem
The plastic industry will have many opportunities to expand production in the next
couple of years to increase export turnover. Moreover, the plastic market is wide
and not too difficult to break into, the association says.
The industry has recently experienced the most rapid export growth rate in the
country. In 2006, its export growth rate was 35 percent. The rate was 33 percent and
34 percent in 2007 and 2008 respectively.
According to UN Comtrade, the Statistics Division of the United Nations, there's a
good opportunity to break into foreign markets.
The association, for its part, says that the domestic plastic industry will develop
to meet the demands of the world market if it can solve problems relating to
quantity and design.
Though the industry is expected to reach a high export turnover, the association
warns that it will be a year of challenges due to the world recession.
It says that there will be major upheavals in the world market this year.
For example, about 70 percent of the plastic industry's export turnover is from
packing. This year, however, packing production will face strong competition as big
markets like the United States and Japan limit plastic imports for vehicle
production.
So, instead of making plastics used for vehicle production, plastic companies will
produce packing to serve the food industry.
In addition, many countries will use economic barriers to protect their domestic
industries, which will compound the Vietnamese plastic industry's difficulties.
The most important thing is that domestic plastic companies must cooperate and
support each other to overcome difficulties, says Phan Van Thanh, chairman of the
association.
The world recession is temporary, but cheap imported plastics is a long-term risk
for the domestic plastic industry. Domestic companies must restructure the industry
to produce products on a large scale to reduce costs, he says.
This year, to help the industry boost production, the association is encouraging
domestic companies to study Japan and Middle East markets.
In 2009, the association will set up a foundation to develop the Vietnamese plastic
industry. It also proposes that the Government allow the industry to import machines
to produce high quality plastics.-Enditem
