The packaging sector is one of the most
rapidly developing industries in Vietnam,
driven by increased demand for consumer
goods, foodstuffs and expanding Vietnamese
exports of products requiring packaging.
Vietnam presently offers a strong combination
of rapid economic growth, expanding personal
incomes, and an excellent demographic
profile that is fueling industrial production
and consumer demand. These trends have
led to packaging becoming one of the most
rapidly developing industries in Vietnam.
According to the Vietnam Packaging Association
(Vinpas), the packaging sector is growing
at least 15% - 20% per year.
At present, Vietnam has more than 900
packaging manufacturers, about 70 percent
of which are located in the southern part
of the country. The market may be broken
down into five major types: (1) plastic
packaging; (2) cardboard/paper; (3) metal
containers; (4) glass; and (5) others.
New Business New Opportunity
Industrial production in April has shown
signs of recovery, with a 5.4 per cent
increase year-on-year, according to the
General Statistic Office (GSO). The recovery
could be seen in all three sectors. The
private sector saw the biggest growth
with 9.1 per cent, while the State sector
saw 4 per cent and the foreign direct
investment sector 3.1 per cent.
Domestic enterprises are paying increasing
attention to product design and packaging,
which has opened up more opportunities
for the packaging industry in Viet Nam.
As the economy has become more open, local
enterprises are able to keep up to date
with the latest trends in packaging and
satisfy diverse demands.
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