Over the past 5 years, the GDP growth
increased by 15% per year in extended
industry, 18.50% in manufacturing and
services, 6.90% in machinery sector on
average. There is also an increase of
22.16%/year in foreign capital investment
area, 8.68%/year in national economic
area averagely.
Plastics & Rubber-
Viet Nam expects to earn US$600 million
by exporting nearly 2.5 million tones of
plastic products in 2008, up 33 percent
over the same period last year.
The country grossed US$92 million from
plastic product exports in the first quarter
of 2006, a year-on-year increase of 20.7
percent. The sector requires about 800,000
tones of PE, 700,000 tones of PP (Polypropylene),
and 75,000 tones of PS (Polystyrene), annually.
The primary suppliers of resins are from
Thailand, South Korea, Taiwan, Singapore
and the US. Locally-made resins, currently,
meet only one third of the total demand.
The industry is now planning to raise local
inputs to 50 per cent by 2010, or equal
to producing 2.1 million tones of material
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