Economic Status in Hanoi

Hanoi’s population would reach 3.2 – 3.3 million people by the year 2010, per capital GDP is hoping to have an increase of 2.4 times in comparison to that in 2000. GDP growth rate is 9.8% yearly. There are 1.5 millions working-age people. Hanoi is the city which has the highest qualified labor force with skillful occupation. Trained labor force is accounted for 34 percent. Over the past 5 years, the region’s GDP growth has been increased by 15% per year in extended industry. There is also an increase of 22.16% per year in foreign capital investment area, driven mainly by industrial expansion, consumer spending and fixed investment.

Vietnam Plastics & Rubber Industry

Plastic is a growth industry in Vietnam with an annual growth rate of around 30 percent per year in recent years. In 2009, plastics industry expected to exports more than one billion dollars. Vietnam’s production output of plastics per capita was 25 kg of plastic per person in 2005, and is expected to rise to 40 kg per capita by 2010. This growth has made plastics a major export earner for the country. Investment opportunities exist in the packaging field, plastics machinery production, plastics resin production and waste plastics reprocessing sub-sectors. For the past 10 years, the investment of plastic machine already reaches more than 1 billion dollars.