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Plastics exports target $400 million in Q2

May 21st at 15:47
21-05-2012 15:47:38+07:00

Plastics exports target $400 million in Q2

Vietnam’s exports of plastic products are predicted to reach $400 million in the second quarter this year, according to the Vietnam Plastics Association (VPA).

VPA deputy chairman Ho Duc Lam said the country’s total plastics export value may hit $1.7 billion in 2012, up 25-28 per cent over last year.

Importers highly appreciated Vietnamese plastic products, and have already placed orders until the end of August.

Followed by the US, with over $15.5 million in import value, Japan is now Vietnam’s largest plastics import market, mostly importing plastic bags, packing products and industrial plastics.

Last year, Vietnamese plastic products were listed among the top ten exports to Malaysia, a promising market which is expected to contribute more than $17 million to Vietnam’s total export earning in the second quarter

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