Vietnam’s paper import surges as prices up

Increasing prices pushed the total value of paper imported in Vietnam in the first quarter to US$347 million, or a 36 percent increase compared to the same period last year.

This is equal to a total volume of 261.000 tons of paper, or a 25 percent increase year-on-year.

The Vietnam Pulp and Paper Association said these increases were caused by a 10 percent hike in raw material prices in the world market earlier this year.

Currently, the price of writing paper is VND22.5 million (US$1125) per ton and that of newsprint is VND16 million (US$800) per ton.

Afraid these prices may go up further, many local paper suppliers are also increasing their import, the association said.

vietnamnet

>   Tax incentives hinder production of Vietnamese-made goods (05/05/2011)

>   Gas climbs to highest price this year (04/05/2011)

>   Province offers incentives to investors (04/05/2011)

>   Dealers hoard petrol as price hike nears (04/05/2011)

>   No power cuts in May, ministry orders (04/05/2011)

>   Steel prices fall again (04/05/2011)

>   Rising prices to boost pepper industry (04/05/2011)

>   Infrastructure draws private investment (04/05/2011)

>   Vietnam revises farm export target to $23 bil (03/05/2011)

>   Basic freight rate down, but surcharges up (03/05/2011)