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 [...]
Viet Nam has more than 2,200 enterprises involved in the plastic industry, of which 80 per cent are based in HCM City. Over the last decade, the industry has achieved an average growth rate of between 15 and 25 per cent per year. However, Vietnamese plastic products are still less competitive than those of countries [...]
The plastic sector has great potential for development but faces a number of challenges, according to the Vietnam Plastics Association. The association expects the sector’s export value could at best grow 16 percent this year, but just 5.7 percent if it struggles to meet its full potential. There is huge demand locally for plastics-while Japan [...]
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