HCM CITY — The plastics industry is likely to reduce imports of raw materials in the coming years due to increased domestic production, according to the Việt Nam Plastics Association. The plastics industry has achieved growth of 12-15 per cent a year for the last five years, Hồ Đức Lam, chairman of the association, said. They jumped to 7.1 million tonnes in 2022 from 5.5 million in 2018. Võ Tân Thành, deputy chairman of the Việt Nam Chamber of Commerce and Industry, said the plastics industry, with its high growth rate in recent years, is one of the Government’s priority sectors. With new policies related to the circular economy and sustainable development, the plastics industry nevertheless faces many challenges along with opportunities, he said.

Source: Viet Nam News October 28, 2023 08:22 UTC