Authorities of Dung Quat Economic Zone are calling for plastic producers to set up shop in the zone to help develop industrial clusters for the plastic industry. Le Van Dung, vice director of Dung Quat Economic Zone Authority, said the authority had plans to establish these ICs in the zone soon, but in the past [...]
Vietnam now has about 1,064 plastic enterprises operating with a capital size of over 500 million dong each, mainly in the south. The number of plastic firms in HCM City and neighboring provinces like Dong Nai, Binh Duong and Long An accounts for 80%, remainder in the northern and the central regions. Vietnam-made plastic products [...]
Vietnam should work out a long-term development strategy to help the plastic industry gain a remarkable growth at 20 percent by 2020, local experts said at a conference in Hanoi January 2. Currently, Vietnam has more than 1,000 plastic companies which are mainly in HCM City and the southern provinces of Dong Nai, Binh Duong [...]
Export turnover of plastic products in the last half of July gained $46 million, a slight increase against the first half of the month. As planned, the result may reach one billion dollar in 2010, said Vietnam Industry and Trade Information Centre (VITIC). In July, Plastic products’ export turnover estimated gaining at about $86.4 million, [...]
Thieu Nien Tien Phong Plastic JSC (NPT) moved PEHD pipe workshop to Hung Dao, Duong Kinh District in order to set up more six new chains there. The firm also submitted the application for construction of high-ranking tenement house and offices for lease at old its Hai Phong based- head office. The firm prepared to [...]
Vietnam will likely save nearly US$1 billion per year by using between 35% and 50% of recycled plastic, according to the Vietnam Plastic Association. The Southeast Asian nation currently spends US$2.5 billion on importing plastic material annually, the association attributed. Meanwhile, the country has annually collected for recycling only 10% or 20,000 tons out of [...]
As of June, Hoa Sen Group officially separated the plastic factory in Phu My 1 Industrial Zone, Tan Thanh Dist from Hoa Sen Construction Material Co to set up a new member named Hoa Sen Plastic One Member Co Ltd The new company uses eight plastic production lines purchased by the old firm. Each old [...]
At Vietnam Manufacturing Expo and Nepcon Vietnam 2010 held last weekend, Ho Dac Lam, vice president of Vietnam Plastic Association expected that the country’s plastic industry growth will be kept stable at 15 percent pa. He reported that up to 80 percent of plastic produced in Vietnam is for domestic consumption. Majority of plastic materials [...]
Saigon Plastic Packaging Joint Stock Co (coded SPP) announced that May 26 would be the ex-dividend session and May 28 of registration deadline to close the shareholders list for allocating bonus shares for existing shareholders. The company planned to issue three million bonus shares for existing shareholders under ratio of 2:1, using the sources from [...]
The statistic showed Vietnam’s import turnover of plastic products in March was estimated at $114.1 million, an increase of 35.47 percent against the previous month and 43.43 percent year-on-year; raising the accumulative import value in the first three months of this year to $297.25 million, up 53.15 percent in comparison with the same period of [...]
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