The battle in the plastic industry among local, foreign rivalsVietNamNet Bridge - Plastics companies' high growth rate of 11 percent in the last five years has attracted the interest of foreign companies. Plastics companies' high growth rate of 11 percent in the last five years has attracted the interest of foreign companies. And analysts believe this will help occur because they believe in the group’s financial capability and interest in the Vietnamese market. The ministry said they would have PP supply sources from domestic oil refineries.Vietnam needs 3.5 million tons of input materials of different kinds – PE, PP, PS and PVC – every year, and hundreds of supporting chemicals. The figure is expected to increase to 5 million tons by 2020.

Source: VietNamNet News February 14, 2017 01:18 UTC