VIETNAM PLASTIC: AN OVERVIEW AND OPPORTUNITIES Date: 20th October 2015 Vietnam Plastic Industry – An Overview FACTS & FIGURES INDUSTRY STRUCTURE Source: Vietnam Plastic Association Vietnam Plastic – Export & Import Plastic is one of Vietnam’s export oriented industry but relies heavily on imported materials and chemicals. According to Vietnam Plastic Association, 80% of input is imports Source: Vietnam Plastic Association Vietnam Plastic: Import Export Commodities With a simple product portfolio for exports, Vietnam is more of a buyers of basic materials such as PE, PP, PET SPLIT OF PLASTIC PRODUCTS FOR EXPORT (by Value) SPLIT OF PLASTIC PRODUCTS FOR IMPORT (by Value) Source: Vietnam Plastic Association Bilateral Trade Between Vietnam & The Britain TRADE RELATION BETWEEN VIETNAM AND THE UK IN PLASTIC INDUSTRY (USD THOUSAND) OUR IMPORTS 120,000 102,024 98,942 100,000 87,371 80,000 60,000 58,582 OUR EXPORTS 40,000 22,424 20,000 14,646 15,185 17,162 0 2010 Import from Vietnam 2011 Export to Vietnam 2012 2013 Linear (Export to Vietnam) Source: Vietnam Plastic Association Opportunities in Packaging PE FILM & BAG PP WOVEN BAG MULTILAYER KEY TRENDS - Packaging has been the key sector of performance in export and will be likely to accelerate when EUVN FTA, TPP are in place. - With advantage in printing technology and flexibility in smaller orders, plastic packaging manufacturers in Vietnam have been gaining a big plus compared to their Chinese counterparts in further expanding the country’s export - While export is on the rise, domestic demand also plays another growth factor for packaging. The growing domestic export business in food, electronic equipment and garments will make the critical mass for further development PP WOVEN BAG FLEXIBLE PACKAGING TUBE MAIN OPPORTUNITIES - Vietnam plastic packaging is opting for greener materials, including environment friendly plastic resins, chemicals, and additives - To take the export opportunities that EUVN FTA and possibly TPP will bring about and to sustain the competitive edge in global market, major producers in Vietnam is renewing their technology to meet with stricter safety regulations. Opportunities in Construction, Electronics, Automotive KEY TRENDS - In recent years, Vietnam has been embracing an increasing number of new building materials in which plastic plays an important roles. Plastic flooring tiles, PVC wall panel, plastic window & doors are trendy and enjoy healthy growth. - As production cost in China increased, many MNCs in electronics and telephone are turning to Vietnam for the aggressive incentive policies. Samsung, LG, Cannon, Intel, Nokia have all set up their production base, creating a huge demand for high quality technical plastic components and parts. MAIN OPPORTUNITIES - Innovative plastic material with high decoration function will find their good opportunity in Vietnam building material market. - Moulding technology, higher profile of plastic processing machine, and would be the key for Vietnamese supporting industry to grow further in order to cater the presence of billion USD factories of Intel, Samsung, LG, and Cannon. BBGV Business Centre Services British Business Group Vietnam Vision: To be a leading international Chamber of Commerce Mission: primarily facilitating value-added business links to the UK, whilst building a local reputation as a responsible community organisation for networking and social events 2 offices in central Ha Noi & Ho Chi Minh City 470 members from 23 sectors USD 50,615 was raised for Charity in 2014. Proposed projects for 2015 with total value of more than USD 20,000 Launch of Business Centre in June 2014 Fully accredited by British Chambers of Commerce since April 2015 Business Centre Services Market selection Official established since 1998 Our Chamber’s Services - Building export market awareness (webinar, trade shows) Business Directory Advertising & Promotions Business Networks WHAT WE OFFER Targeted Events Nationwide Discounts Business Centre Services Sector Committee – Vietnam Business Forum - Updates on market potential (sector report and new business opportunities). Go-to-market - In-depth market research and consultancy on market entry strategy - Identification of potential partners. - Tailor-made events. - In- market support (visa, language, accommodation arrangement) Follow us Establishment and Growth - Launch Pad Solution for Start-up. - Market Development Support for established companies. THANK YOU FOR WORKING WITH US Thank you for joining our webinar Contact us Find out more BBGV Business Centre http://bbgv.org/the-business-centreabout.html Future Webinars http://bbgv.org/business-centre-event.html Follow us on Business Opportunities Contact [email protected] http://bbgv.org/ https://www.facebook.com/bbgvietnam https://twitter.com/bbgv See the full range of BC services http://bbgv.org/bbgv-bc-services.html
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