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Vietnam Plastic Industry: The Comprehensive Report (Q1 2018) - ResearchAndMarkets.com

September 20, 2018

DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Vietnam Plastic Comprehensive Report Q1 - 2018” report has been added to ResearchAndMarkets.com’s offering.

Total plastic manufacture yield in 2017 achieved 6,7 million of tons, rose slightly by 1.05% compared to 2016, so producing plastic products continuously grew in the period of 2009-2017 with CAGR of 9.6%. Meanwhile, plastic for family uses group, construction plastic and technology plastic had relatively good growth compared to 2016 thanks to increased consumption demand, wrapping plastic must face a big risk in input materials when PP import tax level rose to 3%.

PP plastic is being imported to 80%, so new tariff implementation impacted directly to product price, and indirectly impacted the competitive capacity of Vietnamese enterprises in the relationship to foreign enterprises. Profit margin of Vietnam plastic enterprises is anticipated to decline 1% when import tax for PP plastic rises 3%. Plastic industry has relatively low profit margin, only 5% whereas loss rate comes up to 7%.

It is predicted that main export markets of Vietnam plastic industry in 2018 will be Japan and US. Besides, other markets such as China, Laos, Cambodia, Myanmar, etc will be new export markets for plastic market. In addition, importing plastic product demand in EU market still be appreciated, especially demand in plastic pipes, Vietnam enterprises have good penetration ability. It is outstanding that in this market, Vietnam plastic product is not imposed dumping prevention tax like other Asian countries (average tax from 8-30%). Therefore, this will be an advantageous condition for enterprises to increase import turn-over.Companies FeaturedTien Phong Plastic Joint-Stock Company (NTP)Binh Minh Plastic Joint Stock Company (BMP)An Phat Plastic and Green Environment Joint Stock Company(AAA)Ngoc Nghia Industry-Service-Trading Joint Stock Company (NNG)Dong Nai Plastic Joint Stock Company (DNP)Dong A Plastic Group Joint Stock Company (DAG)Rang Dong Plastic Joint Stock Company (RDP)Saigon Plastic Packaging Joint Stock Company (SPP)Tan Dai Hung Plastic Joint Stock Company (TPC)

Key Topics Covered

I. Business Environment

II. The World’s Market

III. The Vietnam’s Market

IV. Industrial Risks

V. Prospects and Forecasts

VI. Enterprise Analysis

VII. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/sl486s/vietnam_plastic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005355/en/

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Related Topics:Plastics

KEYWORD: VIET NAM ASIA PACIFIC

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/20/2018 06:45 AM/DISC: 09/20/2018 06:45 AM

http://www.businesswire.com/news/home/20180920005355/en

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