Vietnam Packaging Market Provides Opportunities For China's Packaging Machinery

Since the United States International Trade Commission and the Ministry of Commerce made the anti-dumping ruling in 2004, many Chinese retail bag manufacturers have moved their production of plastic bag to Vietnam. According to statistics from the U.S. Department of Commerce, Vietnam has now become the second largest exporter of plastic retail bags to the United States. Its exports have risen from just over 19 million U.S. dollars in 2006 to nearly 86 million U.S. dollars in 2008. At present, the United States imposes less than 5% import duty on plastic bags in Vietnam.

Although the current plastic machinery market in Vietnam is not advanced, but in recent years the rate of development of the plastics industry in Vietnam is obvious to all. Since 1995, the national plastic output increased by 20 ~ 25%, of which annual output of 2000-2005 increased by an average annual rate of 27.2%. By 2005, the plastic output was 2.1 million tons, the per capita consumption was 25.3 kilograms. In 2005, the export value of plastic 3.8 100 million U.S. dollars, an increase of 37% over 2004. The rapid development of the plastics industry in Vietnam also provided an opportunity for the export of plastic machinery to Vietnam. According to the Vietnam Plastics Corporation, Vietnam's plastics industry will require about $ 2 billion in equipment investment in the future. From 2006 to 2010, Vietnam plans to spend 875 million U.S. dollars (67.7 yuan) to develop its plastic packaging industry. This shows that the plastic packaging machinery market in Vietnam there is a huge business opportunity.

Packaging has always been the problem of Vietnamese enterprises and their problems, and Vietnam's plastic packaging manufacturers have also emerged. The plastic packaging equipment of these enterprises mainly come from China, Japan, South Korea, Germany and Taiwan of China. They have been able to produce plastic, rubber, aluminum foil, pine paper and other packaging materials with good quality and varied styles. Now has the production of KRAFT webs, three to five layers of cardboard drums, all kinds of nylon packaging materials: PE, PP, HDPE, agricultural PE film, plastic hoop bucket rope, all kinds of composite plastic packaging materials, a variety of Canned fruit and vegetable cans, fruit juice cans, cans of aquatic products, milk powder cans, cans of coffee and other various foods, and the like. These packaging companies have been able to serve various domestic packaging businesses such as foodstuffs, cosmetics, cosmetics, agrochemicals, marine products, textiles, pharmaceuticals, beverages, detergent, bathing fluids and more. Not only Vietnam's domestic enterprises, many foreign enterprises in Vietnam also use the domestic production of packaging materials.

Vietnam's rapid economic development, the need for high-speed packaging products and export products, rapid growth, high-quality packaging needs are also constantly expanding rapidly, which gives the packaging equipment and packaging materials business a good opportunity. Although, at present, the production equipment and raw materials of Vietnamese packaging enterprises are basically imported from the West and Japan. However, Chinese products are close (resulting in low shipping costs and fast delivery), cheaper prices and technical applications (especially for non-key printing enterprises in Vietnam), and their training and repairing are easy. Therefore, Vietnam's packaging market for the Chinese packaging machinery business is a good opportunity. In order to expand the market share at home and abroad, Vietnamese plastics companies have increased their investment and increased their business scale. Due to the relatively backward industrial development in Vietnam, especially the backward development of machinery manufacturing industry, the large volume of plastic machinery and equipment in Vietnam is required to be imported. This also provides an opportunity for the export of plastic machinery products to Vietnam.

After many years of development, China's plastic packaging machinery enterprises have had certain strength. Compared with the products of international large enterprises, the advantages of China's plastic packaging machinery products are mainly in the aspects of cost performance, lower prices of our products and more A wide range of access to Vietnamese enterprises within the scope of; Second, the establishment of the China-ASEAN Free Trade Area, China's exports to Vietnam reduced tariffs; in January 2007 Vietnam's accession to the WTO, but also for the export of plastic machinery products in Vietnam provided Business. Among them, the export of plastic packaging equipment machinery has become the top priority. In this "recession" of economic recession, there is such a good plastic packaging machinery market for China's plastics machinery business is undoubtedly lucky. As Vietnam  vigorously develop the domestic plastic packaging industry, China's plastic packaging machinery business should seize the opportunity to open up the business scope, firmly grasp the rising plastic packaging market!