|
Plastics industry looks to boost exports
Boosting exports is an effective measure to help ensure sustainable development of the plastics industry, Vietnam Plastic Association Vice Chairman Pham Trung Cang said.
At a conference held in Ho Chi Minh City on June 11, Cang urged local businesses to reduce production costs, intensify information and experience sharing and foster cooperation with partners in order to boost exports.
The plastic sector of Vietnam has made considerable progress in expanding production and business one year after the country joined the World Trade Organisation (WTO). It has gained a firm foothold in 48 countries around the world.
In 2007, Vietnam earned 710 million USD from plastic exports, a year-on-year increase of 48 percent. The figure is expected to reach 1 billion USD in 2008, up 41 percent over the previous year.
Vietnam has been able to produce high-quality products of international standards such as packing, mosquito-preventing canvas, windows, insulating aprons and automobile spare parts.
However, local plastic producers are facing many difficulties triggered by increases in the price of materials, fuels and transportation.
VNA
|
