Statistics and market prospects of Vietnam’s plastic industry

Statistics and market prospects of Vietnam’s plastic industry

Since 2000 onwards, plastic manufacturing industry of Vietnam has maintained high growth thanks to domestic consumption and export increased exports. Plastic consumption per capita in Vietnam in 1975 was only 1 kg / year and no signs of growth until 1990. However, since 2000 onwards, per capita consumption has grown steadily and stood at 12kg / year and culminating in 2008 was 34kg / person. The government hopes that by 2010 the consumption per capita would be 40 kg / year. Increased consumption of plastic products has generated a wave of foreign direct investment in Vietnam, creating favorable conditions for the construction industry, transport and other industries grow.

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