Home
Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
{{sum}}
Login

Please Login

Subscribe To Tags, See What You Want To See

Sign Up For Events, Expand your network

Unlock Private Messages, Participate In Interactions

 Register

Hi.{{userInfo.company_name_english||userInfo.truename_english}} Hi.{{userInfo.truename||userInfo.phone||userInfo.email}}

Applications

CARBIOS postpones PET biorecycling project due to delayed funding

New bill introduced to tethered caps in California

Eastman, Covestro and Ceres Holographics to commercialize HUD solution

Products

CNOOC and Shell expands petrochemical complex in China

The Core Component Determining The Performance Of Twin-Screw Extruders : The Barrel

Automatic Weighing Feeding System

Activities

  • Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”

  • ArabPlast 2023 – The Success Journey Continues………..

  • GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Industry Topic

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Green Plastics: News & Insights

CHINAPLAS

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

Fakuma 2024 Highlights

CHINA FOCUS

K 2022 FOCUS

News Videos

5,000 people join SACMI's 105th ‘birthday party’

AOJIE-Professional custom plastic injection molds for households, motorcycles, and automotive parts

stretch film making machine

Conference Videos

【Mandarin session:Webinar playback】BASF:Tinuvin® NOR® 211 AR - High performing and value-in-use NOR® HALS® that can resist high levels of UV light, heat and acids

[Webinar playback] SABIC Webinar : Enabling a Circular Economy for Plastics Together

【Mandarin session:Webinar playback】The new generation application of Siriusvision inspection technology in the printing industry

Corporate/Product Videos

GTE-75D Twin Screw Extruder: High-Efficiency Pelletizing Solution

GTE-35B Twin Screw Extruder with Water Cooling Strands Pelletizing

HSYW-1000SD Automatic Multifunctional Bag On Roll Making Machine With Core & Coreless

Exhibition

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

News
NEW
HOT
 Events
NEW
HOT
 Special
NEW
HOT
 Video
NEW
HOT
 Live
NEW
HOT
 eNews
NEW
HOT
 eBook
NEW
HOT
 Event Calendar
NEW
HOT
 Survey
NEW
HOT
 CHINA FOCUS
NEW
HOT

Home > News > Regional News

Vietnam industry arises with strong potential in sustainable plastics and EV production

Source：Adsale Plastics Network Date ：2024-03-01 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Vietnam is estimated to post 5.5% economic growth in 2024 with further rise to 6.0% in 2025, according to the World Bank. Its industrial sector is also projected to play a major role in its overall economic development.


Vietnam_city view_480.jpg

Vietnam’s economic growth is predicted to continue to rise in the coming years.

 

Vietnam has a rapidly expanding plastics market, estimated at 10.92 million tons in 2024 and is expected to reach 16.36 million tons by 2029, growing at a CAGR of 8.44% in 2024-2029, based on Mordor Intelligence projections.

 

Strategic investments in sustainable plastics production

 

Demand for packaging in the vibrant F&B industry has grown annually by more than 8%, according to the Ministry of Trade and Industry. Vietnam Packaging Association estimated that the packaging industry grows by at least 12% yearly.

 

Injection molding and extrusion molding processes are the main method of packaging production in Vietnam due to their lower production costs, faster set up time, energy saving and sustainability.

 

The Vietnam government’s program promotes the use of eco-friendly packaging. According to a report from IMARC Group, from 2024 to 2032, the Vietnamese recycled plastics market size is projected to post 7.6% annual growth rate to reach 532.4 kilotons by 2032.

 

This reflects the widening opportunities on the use of recycled plastics materials for sectors such as food/non-food contact packaging, construction and household products. Recycling technologies are also seeing increased demand, especially for single-use packaging.

 

Vietnam Eco-label is also implemented to encourage the use of biodegradable plastic packaging and environmental friendly plastic packaging, such as PE and PP. In addition, Vietnam also promotes proper disposal, recovery and recycling.

 

Haitian International inaugurated an advanced experience center in Haiphong, northern Vietnam, to enhance its services and strengthen its position in the Southeast Asian region. Another company, Brenntag Essentials, opened its mixing and blending facility in Dong Nai province, a key economic zone in Vietnam.

 

SKC Co., a South Korean company, is building a factory in Hai Phong to produce polybutylene adipate terephthalate (PBAT), a biodegradable co-polymer. The plant is scheduled to be operational in 2025, with production capacity of 70,000 tons of PBAT yearly.

 

Foreign investments in EVs

 

The Vietnamese government announced a national strategy on green growth for 2021-2030 with a roadmap that shift towards use of electric vehicles (EVs).

 

Many Japanese and Korean automotive manufacturers, including Toyota, Nissan, Hyundai and Isuzu, are creating their special position in Vietnam’s automotive industry.


Vietnam_Vinfast EV_480.jpg

Vinfast leads the production of EVs in Vietnam.

 

The Vinfast Group, a subsidiary of Vingroup in Vietnam, is leading in the production of EVs in Vietnam. ZF also operates its first plant in Vietnam. The plant produces chassis modules just-in-time for a local automotive manufacturer. The company has invested more than EUR 25 million in the site.

 

Rubber production remains high, favoring tire production

 

A report from the Research and Markets indicates that Vietnam’s tire production and exports will continue to expand in the next few years up to 2031. Vietnam currently exports tire to over 100 countries, with around 80% of car tires being exported.

 

The abundance of raw materials, low manufacturing costs and favorable investment climate have pushed Vietnam as the top 3 in the world for rubber production in the world.

 

Vietnam has around 830 tire companies, including tires producers for bicycle, motorcycle, car and trucks. World-renowned tire manufacturers have their factories in Vietnam.

 

Sailun, a Chinese tire manufacturer, also expanded its production capacity. Shandong Haohua Tire was also given approval to build a US$500 million tire manufacturing factory in the southern province of Binh Phuoc. It is expected to be operational in 2025.

 

At CHINAPLAS 2024, Vietnamese plastics and rubber manufacturers will experience the first-hand high-tech processes and innovative materials, especially the most advanced automotive and tire production technologies.


 Like 丨  {{details_info.likes_count}}
Electric vehicles
Rubber
Vietnam
Sustainability
Tire
 GUANGDONG HTASO NEW MATERIALS TECHNOLOGY CO.,LTD      

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Login

Source：Adsale Plastics Network Date ：2024-03-01 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Vietnam is estimated to post 5.5% economic growth in 2024 with further rise to 6.0% in 2025, according to the World Bank. Its industrial sector is also projected to play a major role in its overall economic development.


Vietnam_city view_480.jpg

Vietnam’s economic growth is predicted to continue to rise in the coming years.

 

Vietnam has a rapidly expanding plastics market, estimated at 10.92 million tons in 2024 and is expected to reach 16.36 million tons by 2029, growing at a CAGR of 8.44% in 2024-2029, based on Mordor Intelligence projections.

 

Strategic investments in sustainable plastics production

 

Demand for packaging in the vibrant F&B industry has grown annually by more than 8%, according to the Ministry of Trade and Industry. Vietnam Packaging Association estimated that the packaging industry grows by at least 12% yearly.

 

Injection molding and extrusion molding processes are the main method of packaging production in Vietnam due to their lower production costs, faster set up time, energy saving and sustainability.

 

The Vietnam government’s program promotes the use of eco-friendly packaging. According to a report from IMARC Group, from 2024 to 2032, the Vietnamese recycled plastics market size is projected to post 7.6% annual growth rate to reach 532.4 kilotons by 2032.

 

This reflects the widening opportunities on the use of recycled plastics materials for sectors such as food/non-food contact packaging, construction and household products. Recycling technologies are also seeing increased demand, especially for single-use packaging.

 

Vietnam Eco-label is also implemented to encourage the use of biodegradable plastic packaging and environmental friendly plastic packaging, such as PE and PP. In addition, Vietnam also promotes proper disposal, recovery and recycling.

 

Haitian International inaugurated an advanced experience center in Haiphong, northern Vietnam, to enhance its services and strengthen its position in the Southeast Asian region. Another company, Brenntag Essentials, opened its mixing and blending facility in Dong Nai province, a key economic zone in Vietnam.

 

SKC Co., a South Korean company, is building a factory in Hai Phong to produce polybutylene adipate terephthalate (PBAT), a biodegradable co-polymer. The plant is scheduled to be operational in 2025, with production capacity of 70,000 tons of PBAT yearly.

 

Foreign investments in EVs

 

The Vietnamese government announced a national strategy on green growth for 2021-2030 with a roadmap that shift towards use of electric vehicles (EVs).

 

Many Japanese and Korean automotive manufacturers, including Toyota, Nissan, Hyundai and Isuzu, are creating their special position in Vietnam’s automotive industry.


Vietnam_Vinfast EV_480.jpg

Vinfast leads the production of EVs in Vietnam.

 

The Vinfast Group, a subsidiary of Vingroup in Vietnam, is leading in the production of EVs in Vietnam. ZF also operates its first plant in Vietnam. The plant produces chassis modules just-in-time for a local automotive manufacturer. The company has invested more than EUR 25 million in the site.

 

Rubber production remains high, favoring tire production

 

A report from the Research and Markets indicates that Vietnam’s tire production and exports will continue to expand in the next few years up to 2031. Vietnam currently exports tire to over 100 countries, with around 80% of car tires being exported.

 

The abundance of raw materials, low manufacturing costs and favorable investment climate have pushed Vietnam as the top 3 in the world for rubber production in the world.

 

Vietnam has around 830 tire companies, including tires producers for bicycle, motorcycle, car and trucks. World-renowned tire manufacturers have their factories in Vietnam.

 

Sailun, a Chinese tire manufacturer, also expanded its production capacity. Shandong Haohua Tire was also given approval to build a US$500 million tire manufacturing factory in the southern province of Binh Phuoc. It is expected to be operational in 2025.

 

At CHINAPLAS 2024, Vietnamese plastics and rubber manufacturers will experience the first-hand high-tech processes and innovative materials, especially the most advanced automotive and tire production technologies.


全文内容需要订阅后才能阅读哦~
立即订阅
信百勒 英文横幅 AdsaleCPRJ.com A1 420x90 EN

Leave Comment

Submit

All Comments

No Comment

{{VueShowUserOrCompany(itme.user)}}

{{ toolTimes(itme.updated_at,'s') }}

{{itme.body}}

Reply   
Submit
{{VueShowUserOrCompany(itmes.user)}} {{ toolTimes(itmes.updated_at,'s') }} Reply

{{itmes.body}}

Submit
40+YEARS IN MAKING PLASTIC BAG MAKING MACHINE Suzhou Hechang Polymeric Materials Co., Ltd UV ABSORBER AND ANTIOXIDANT FACTORY

Recommended Articles

Regional News
Indonesia’s labor productivity lags behind Vietnam
 2025-01-14
Regional News
Italian plastics and rubber machinery sales drop in 2024
 2025-01-13
Regional News
BRICS: Indonesia formally becomes full member
 2025-01-13
Regional News
Indonesia as a hub for growing packaging and automotive industries
 2025-01-07
Regional News
Antioxidant 245 successfully obtained EU REACH certification!
 2025-01-06
  PENGLAI HONGWEI CHEMICAL CO., LTD. 标准会员
Regional News
Vietnam’s GDP growth expected to stand out among ASEAN
 2025-01-03
AdsaleCPRJ.com A1 - EMP - EN Jiangyin Yuexing Machinery Co., Ltd.

You May Also Like

{{[item['category']['name'],item['category']['english_name']][lang]}}
{{VueShowUserOrCompany(item.author)}} {{VueShowDisplayName(item.author)}}
Sponsored
{{item.title}} {{item['summary']}}
{{itags.name}}
{{item.updated_at}}
 {{item.likes_count}}       {{item.comments_count}}
Master Mold plastic bumper mold LK button ad EN Earth Dream: Energy Saving, Quality Improvement, Efficiency
  • Must See
    • News
    Images
    Watch it
1
BASF and research partners collaborate to optimize mechanical recycling of plastics
2
Rita Chu named Chair of Asia-Pacific Chapter at UFI
3
Italian packaging machinery sales in 2024 sets all-time record
4
SIKORA’s PURITY SCANNER ADVANCED sorting solution for XLPE pellets
5
Stellantis and CATL invest €4.1 billion in LFP battery plant in Spain
1
Fully electric blow molding machine
2
Bubble Film Making Machine
3
Stretch Film Making Machine
4
Hydraulic servo blow molding machine
5
The appearance of new products of Ryan Tiansheng packaging machinery
1
Special project: Standout packaging under international collaboration
2
Fully electric blow molding machine
3
Fully automatic servo hydraulic blow molding machine
4
stretch film making machine
5
Air cooling plastic recycling machine
  • Hot Specials

You May Be Interested In

Change
  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine

Vietnam industry arises with strong potential in sustainable plastics and EV production

识别右侧二维码，进入阅读全文
下载
x 关闭
订阅
亲爱的用户，请填写一下信息
I have read and agree to the 《Terms of Use》 and 《Privacy Policy》
立即订阅
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+ eMarketplace
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Youtube
Adsale Group ｜  About Us ｜  Terms of Use ｜  Privacy Policy ｜  Contact Us ｜  Media Kit ｜  Consent Letter for Processing Personal Data ｜