2022 第20屆越南胡志明市國際塑橡膠工業展

2022-11-23
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2019 Exhibition Report Exhibition Report: 19,000 square meters, 800 booths, 580 exhibitors, 15,231 buyers from 18 countries.

Visitors came from 59 countries around the world, with Vietnamese domestic buyers accounting for 80% and foreign buyers accounting for 20%, and the number of visitors exceeded 15,231 buyers.

General situation of Vietnam:

With a population of 94.67 million, Vietnam has joined the ASEAN Free Trade Area in 1995, established diplomatic relations with the United States, and signed a free trade agreement with the European Union; the National Assembly of Vietnam today passed the 2020 Economic and Social Development Plan, which will increase the gross domestic product (GDP) by 2020. The growth target is set at 6.8%. Last year, Vietnam's economic growth rate (GDP) was 7.1%, ranking second in Asia. Main ports in Vietnam: Haiphong Port (north), Da Nang (central) and Saigon Port (south), there are currently 328 industrial and processing zones in Vietnam. Vietnam's plastic machinery market has long been a treasure trove for manufacturers and investors from South Korea, Japan, Taiwan and mainland China.
  • According to the General Statistics Office of Vietnam, the processing and manufacturing industry has a good boom in 2019, with a growth rate of 11.29%
  • In 2019, Vietnam's industry and construction industry grew by 8.9%, the service industry grew by 7.3%, and the agriculture, forestry and fishery industry grew by 2.01%
  • State investment and the introduction of advanced equipment: 95% of the plastic daily necessities in Vietnam's supermarkets are produced in Vietnam (this proportion accounts for 30% of the total output of the plastic industry), and most state-owned enterprises are located near the capital - Hanoi, near the north.
  • The Sino-US trade war has brought opportunities for Vietnam. Population, labor productivity, infrastructure, politics, and global investment have all become favorable factors for Vietnam's development. Coupled with its favorable geographical location and extensive Free Trade Agreement (FTA) network, it is expected that Vietnam's economy is expected to surpass Singapore's in the next decade
  • Vietnam has invested heavily in infrastructure in recent years, attracting inflows of foreign investment (FDI) and becoming one of the top five recipients of FDI in Asia. Real foreign direct investment (FDI) attracted by Vietnam rose 9.1 percent to US$19.1 billion last year, the sixth year in a row a record, led by South Korea, followed by Japan, and other investors including Singapore, Taiwan and Hong Kong.
  • Under the structural adjustment of the supply chain, Vietnam has risen to become the second largest exporter of electronic products in ASEAN with the advantage of low cost.
 

Plastic Machinery Industry Overall & Individual Development Advantages:

 
The plastic manufacturing industry is an important livelihood economic industry in Vietnam. In 2016, the market size was about 10 billion US dollars (80% of which were imported raw materials), with a growth rate of 18%. The export market exceeded 159 countries and regions, and in Vietnam, it is the free market for EVFTA and RCEP. With the blessing of the signatory countries of the trade agreement, many export markets enjoy 0% to 5% tariff concessions, which increases the development niche of the industry, and the prospects continue to be bright. Therefore, the support of precision plastic machinery is more urgently needed.
 
 Vietnam currently has about 2,200 registered plastics companies, 85% of which are concentrated in the southern region with Ho Chi Minh City as a hub.
  • According to the statistics of the Vietnam Plastics Association VPA, in 2017, Vietnam exported more than 3 billion US dollars of plastic products, an increase of 17.3%, and exports in 2018 increased by about 20.67% (Article of Plastics).
  • The main export markets are Japan and the United States, and other export markets include mainland China, Laos, Cambodia and Myanmar.
  • Vietnam's petrochemical industry is not yet mature, and 80% of plastic raw materials must be imported from Saudi Arabia, South Korea, Thailand, Taiwan and other places to make up.
  • PP film and PET for plastic packaging: According to the research data of BMI, a market research company, during the period from 2015 to 2019, Vietnam's food and beverage manufacturing industry will grow by 10.9% and 17% to 25% respectively, which shows the demand for plastic packaging materials in Vietnam. very large.
  • Plastic building materials: Plastic building materials only account for about 18.2% of Vietnam's overall plastics industry, but it is growing at a rate of 15% to 20% every year. There are currently 180 plastic piping and plastic building materials manufacturers in Vietnam, of which Tien Phong Plastic and Binh Minh Plastic are the two leading players occupying the South Vietnamese and North Vietnamese markets respectively, with a market share of 29% and 50% respectively.
  • Household plastic products: About 85% to 95% of household plastic products in Vietnamese supermarkets are Vietnamese brands, which shows the status of this plastic product in the local market.
  • Plastic machinery industry: Vietnam's machinery manufacturing industry has backward production technology and a shortage of skilled personnel. It has long been based on imported foreign precision technology processing and manufacturing. It mainly serves hardware manufacturing and household plastic manufacturing.
 Almost 100% of the raw materials required for food packaging, various beverage packaging, clean mineral water packaging, and aquatic and seafood packaging can be produced in Vietnam. At present, many Vietnamese plastic companies have begun to enter the export market and invested in the introduction of high-tech equipment. For example, Longcheng Company invested in the production technology of four-color printing beer boxes; Datong Jin Company invested in high-tech equipment such as film lamination; Liksin Company blown PE composite Thin film technology, etc. Vietnam's plastics industry can still only provide general household plastic products, and it still needs to continue to invest in the future. According to the Vietnam Plastics Corporation, the future investment of Vietnam's plastics industry will require about 2 billion US dollars, and Vietnam's plastic machinery business opportunities are very considerable.
FROM: Chan Chao Exhibition Hall
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