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

Trinseo launches all-acrylic latex binder for flexible flooring adhesives

Beaulieu Fibres supports CO2 footprint calculations for PP fibres in automotive parts

Simoldes Plastics and ELIX Polymers cooperate on recycled materials for automotive interior

Products

Arburg: Plastic is simply indispensable as a material

Rönesans invests US$2 billion PP production plant and terminal facility in Turkey

Arkema, AkzoNobel and Omya develop sustainable decorative paints with lower carbon footprint

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 2025 Focus

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

CHINA INSIGHT

Fakuma 2024 Highlights

K 2022 FOCUS

News Videos

CHINAPLAS 2025: Bioplastics bloom in wide applications

Pengqiang: Exploring smart feature & core advantages of liquid energy-saving AC systems

CHINAPLAS 2025: Smart technologies drives new quality productive forces

Conference Videos

【Mandarin session:Webinar playback】Covestro: Next-generation flame-retardant medical polycarbonate solutions for housing applications

【Mandarin session:Webinar playback】Covestro: RE Material Solutions: Empowering electronics industry to fulfill new EPEAT standards and lower carbon footpint

【Mandarin session:Webinar playback】Covestro: Covestro's CMF Trends 2025+: Electronics, Automotive and Healthcare

Corporate/Product Videos

Jiangsu Liside New Material Co., Ltd.

Dow 45 years in China

Carbon Removal and Carbon Emission Reduction Tech Solution——Yuanchu Technology (Beijing) Co. Ltd.

Exhibition

Playback TECHHUB 2025@CPRJ Live Streaming for CHINAPLAS

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback On April 14, the "6th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase" at the Crowne Plaza Shenzhen Nanshan is currently being livestreamed!

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

News
NEW
HOT
 Events
NEW
HOT
 SPE Asia
NEW
HOT
 Special
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
 SHANGHAI SMART NEW MATERIALS CO.,LTD      
 SUZHOU ZHIFAN PLASTIC MATERIAL CO.,LTD      
 KRAIBURG TPE      
 JIANGSU LISIDE NEW MATERIAL CO., LTD      
 FLUOTECH (XIAMEN) NEW MATERIALS CO., LTD.      
 GUANGDONG HTASO NEW MATERIALS TECHNOLOGY CO.,LTD      
 TAIZHOU HUANGYAN AOJIE PLASTIC MOULD 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
Husky Banner Ad_EN 信百勒 英文横幅

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
Manufactured by Gao Qin Excellent Packaging Machine Premium polyethylene wax, enhancing your productivity Button Ad-A2

Recommended Articles

Regional News
(Interview) Austrian Consul: Embracing a positive mindset amid rising tariffs
 2025-04-30
Regional News
Thailand to launch delivery drone trials in Bangkok
 2025-04-30
Regional News
Sri Lankan packaging industry embraces foreign investments
 2025-04-17
Regional News
Rising India: Harnessing supply chain diversification
 2025-04-16
Regional News
ASEAN next big investment opportunity for the plastics industry
 2025-04-15
Regional News
Vietnam’s electronics industry poised for a transformative year
 2025-04-15
GREENPLAST 2025 AdsaleCPRJ.com A1 - EMP - EN

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}}
WindoraMaterialsLLC SCREW BARREL EPLASTMER NEW MATERIAL CO.,LTD
  • Must See
    • News
    Images
    Watch it
1
CHINAPLAS 2025 concludes with resounding 281,206 visitors! See you in Shanghai next year
2
Top 10 Technology Trends: Hails new biomaterials formulations and processing
3
CHINAPLAS 2025 grandly opens! Welcomes 79,894 visitors on the first day
4
800+ experts join CHINAPLAS X CPRJ Circular Economy Conference for close collaboration
5
Missed CHINAPLAS 2025? Discover these essential recap tools
1
CHINAPLAS 2025: Essential tips before your visit
2
CHINAPLAS 2025: Innovated in China - From China to the world
3
CHINAPLAS 2025: Dive into new automotive scenarios created with plastics
4
What solutions did overseas buyers look for at CHINAPLAS 2025?
5
CITIC Titanium: High-end TiO2 gains more applications
  • 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 ｜