Plastic enterprises seek development opportunities from exporting

Plastic enterprises seek development opportunities from exporting

VCN - According to the Institute of Strategy and Policy for Industry and Trade (Ministry of Industry and Trade), Vietnam's plastic products have penetrated the market relatively well with high competitiveness. Domestic plastic enterprises must seek opport
Falling plastic granule prices improve firms

Falling plastic granule prices improve firms's profitability

Forecast prices of between US$800 to $1000 per tonne are projected to significantly improve domestic plastic firms’ profit margins.
Low input material price to support profit margins of plastic businesses

Low input material price to support profit margins of plastic businesses

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses.
Vietnam to ban plastic bags from markets by 2030

Vietnam to ban plastic bags from markets by 2030

Vietnam will ban the use of all plastic bags, even in wet markets, from 2030, according to an official of the Ministry of Natural Resources and Environment.
Rising prices of plastic materials put a burden on businesses

Rising prices of plastic materials put a burden on businesses

The price of plastic resin increases sharply following the price of oil, putting pressure on plastic enterprises.
Plastic businesses report contradictory earning results

Plastic businesses report contradictory earning results

While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.
Plastic exports increase despite many difficulties

Plastic exports increase despite many difficulties

VCN - The plastic industry in the 2010 – 2020 period was one of the industries with the highest growth in Vietnam. Currently, Vietnam's plastic products are present in nearly 160 markets around the world.
Vietnam imposes tariffs on foreign plastic film

Vietnam imposes tariffs on foreign plastic film

The ministry of Industry and Trade MoIT has applied anti dumping measures on some products with biaxially oriented polypropylene BOPP film originating from China Thailand and Malaysia
Plastic exporting enterprises enjoy preferential tariffs to EU market

Plastic exporting enterprises enjoy preferential tariffs to EU market

Criteria regarding flexible rules of origin stipulated within the European Union-Vietnam Free Trade Agreement (EVFTA) will make it easier for plastic enterprises to take full advantage of preferential tariffs when exporting to the EU market
"Asin heel" in plastic exports

"Asin heel" in plastic exports

VCN- The export turnover is increasing with many potential and big markets.
Adjustment on environmental protection tax for plastic bags and petroleum

Adjustment on environmental protection tax for plastic bags and petroleum

VCN- The Ministry of Finance has published the draft Law amending and supplementing the Law on Environmental Protection Tax.
Not Plastic particles.., but bird nest.

Not Plastic particles.., but bird nest.

VCN- According to theTan Son Nhat International Airport Customs Branch, the unit is working with authorities to investigate expanding bird nest smuggled by air.
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