Revenue from finalised plastic products rose by 11.5 % to reach USD851 million. According to the VPA, plastics firms are still investing in new equipment and technology to enhance their capacity as the demand for plastic materials and products remains strong in major markets such as the USA.
The association stated that home and car accessories made of plastic are selling well in 2013 and predicted to remain strong in the years to come thanks to its wide applicability and large global demand. Under a plan running until 2020, Vietnam aims to increase its share of the plastic products market used by construction and industry, and to reduce the proportion of plastics used for packaging and household goods.
Source: www.bizhub.vn, 27 July 2013 (Syed Rashid Ali, Karachi, Pakistan)