Paint, printing ink industry to grow 6-8 per cent annually
Paint, printing ink industry to grow 6-8 per cent annually
Viet Nam’s paint and printing ink industry is expected to grow at 6-8 per cent in 2016-20, according to the industry business association.
Speaking to the media in HCM City on May 10 to introduce three international exhibitions -- Paper Vietnam; Rubber & Tyre Vietnam; and Coatings Expo Vietnam -- Nguyen Thi Lac Huyen, chairwoman of the Viet Nam Paint and Printing Ink Association, said the industry enjoyed 10.8 per cent growth last year.
“Many local firms have invested in building new factories in industrial parks.
“In addition, many foreign investors have shifted their paint and printing ink production facilities from Japan, South Korea, Singapore, Thailand, and Malaysia to Viet Nam.”
There are many positive factors to boost the development of the paint and printing ink industry, which is a supporting industry for many other industries, she said.
The development of the construction and property sectors and an increase in infrastructure works would increase demand for paint, she said.
As for the printing ink sector, there are many consumer products and their need to improve packaging would boost the sector, she said.
The paint and printing ink industry, whose output topped US$1.6 billion last year, is expected to grow robustly, she said.
The industry is still young in Viet Nam, and thus enterprises in the industry need an opportunity to promote their products, she said.
The 2017 Coatings Expo Vietnam would be an ideal opportunity for the firms to learn about the latest trends and demand in the market and enhance co-operation with local and foreign counterparts, she said.
Three international exhibitions
Coating Expo Vietnam, Rubber & Tyre Vietnam, and Paper Vietnam to be held together at the Saigon Exhibition and Convention Centre in HCM City from June 13 to 15 has attracted over 200 exhibitors from 15 countries, including Việt Nam, India, Japan, the Netherlands, Malaysia, China, the US, Germany and France.
Monika Yu, general manager of the China National Chemical Information Centre’s exhibition department, said the exhibitions would not only showcase a wide range of machinery, equipment, and products used in the paper and pulp and rubber and tyre industries and for coating, dyeing, and inking, but also provide co-operation opportunities for exhibitors and visitors.
Organised by the Minh Vi Exhibition and Advertisement Services Co., Ltd, CNCIC China and CNCIC India, the exhibitions are expected to welcome 4,500 trade visitors.
