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| Market
Overview |
After
more than 10 years of non-stop development of
average 9% per year, Vietnam became as one of
the most potential markets in industrial machinery
and equipment. Apart from this remarkable figure,
Vietnamese industrial sectors and exports have
gradually reached better figures of 15% and 25%
per year respectively. Vietnamese economy situation
has changed; it faces new stage of joining to
the world globalization.
The Vietnam-US bilateral trade
agreement (BTA) will pave the way for greater
two-way trade between the two countries and help
boost US investment in Vietnam, the greatest beneficiary
will be Vietnam, as access to the US market will
be much easier given the reduction of most import
duties from an average of 40 per cent to 2 per
cent, it comes into effect will certainly trigger
a boom in exports from Vietnam to the US. Trade
Ministry figures show that Vietnam's exports to
the US a year-on-year increase of 40 per cent.
According to an estimate by the World Bank.......
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Plastics
Industries
Source: Government
of Canada |
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The plastics industry has been
one of the Vietnam's fastest growing industries
over the past five years with annual growth rates
of between 27 to 30 percent (just after the telecom
industry). Per capita plastic consumption rose
from 4kg in 1995 to nearly 12kg in 2000, and this
trend seems continue. It is estimated that by
2005, plastic consumption per capita will increase
to 20kg and to over 50kg by 2010.
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