Monday, October 22, 2018 4:33:08 AM - Markets open
VN-INDEX 958.36 -5.11/-0.53%
HNX-INDEX 108.10 +0.18/+0.17%
UPCOM-INDEX 52.47 -0.23/-0.44%
Plastic products exports up 20%
thanhnienviet.vn - 8/2/2018 10:10:06 AM
 (0 ratings. You must sign in to rate.)
Exports of plastic products were worth US$1.43 billion in the first half of the year, a year-on-year increase of 20 per cent, according to the General Department of Vietnam Customs.
 
They were shipped to many markets, with Japan being the largest, accounting for $312.5 million worth, 15.7 per cent up.
 
Shipments to the US were worth $223.7 million, while the other major buyers were the Netherlands ($75.9 million) and South Korea ($75.3 million).
 
Exports to many markets, including India, Hong Kong, Turkey, China, Ukraine, Russia, and Bangladesh, are rising.
 
Shipments to India rose by over 159.4 per cent to $17.6 million.
 
Exports to Hong Kong were up 158.8 per cent to $29 million.
 
But exports to certain markets such as the Philippines (down by 31.3 per cent), Laos (26.3 per cent) and UAE (26.2 per cent) declined.
 
According to the Việt Nam Plastics Association, the industry is one of those to achieve steady growth of 14-15 per cent a year with its export growing by 12-14 per cent annually.
 
The industry still has a lot of room to grow because the per capita consumption of plastic products in Việt Nam remains low at 41kg per year, while it is 48.5kg in Asia and 69.7kg globally.
 
Companies have increased investment in technology and plants and are tying up with foreign partners to improve their competitiveness. — VNS
 
Read original article here
Newer News
31/08 Vietnam, China to open new border gate pair
17/08 Cement exports record strong growth
15/08 Vietnamese steel sector amidst US-China trade war
14/08 Rubber industry faces falling export price
14/08 US’s DoC levies anti-subsidy tax on Vietnamese laminated woven sacks
08/08 US initiates anti-dumping investigation into VN’s cold rolled steel
06/08 Agro-forestry-fishery exports grow 7.8 percent in 7 months
04/08 Vietnam works hard to have “yellow card” warning removed
Older News
31/07 Retail revenue high in first seven months
31/07 Agro-forestry-fishery exports hit 22.2 billion USD in first seven months
30/07 US continues to be key export market for Việt Nam
27/07 Seafood exports likely to fall short of 10-billion USD target
24/07 Canada investigates Vietnam’s carbon steel welded pipe
16/07 Steel production up 7 percent in 6 months
13/07 Foreign e-comerce firms accept losses in VN
13/07 Vietnam can gain from the US-China trade war: Economist
11/07 Vietnam’s automobile sales drop 6 percent in first half
06/07 20 items earn more than 1 billion USD in export revenue in H1
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:11:41 PM
VN-INDEX 958.36 -5.11/-0.53%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.