Eastman introduces high-purity non-phthalate plasticizer

                                               
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  • Where do plastic products come from in Vietnam?
  • Plastic products can be formed from primary plastic materials or recycled plastic materials. Currently, Vietnam's plastic industry is only self-sufficient about 15-35% of raw materials depending on the type of products. The rest are imported from China, Korea, Japan and the ASEAN region.
  • Why is Vietnam a good place to buy plastic products?
  • Vietnam has become a production base for plastic products, taking orders from many large import markets. In 2021, Vietnam produced about 10 million tons of plastic products, up 24.9% year-on-year. The plastics industry makes a significant contribution to the Vietnamese economy.
  • How much plastic does Vietnam import in 2022?
  • From January to July 2022, Vietnam imported US$7.89 billion of plastic raw materials, up 11.1% year-on-year, and US$4.90 billion of plastic products, up 6.6% year-on-year. In terms of exports, Vietnam's exports of both plastic raw materials and products are generally on the rise.
  • How has Vietnam's plastics industry changed since 2021?
  • Since 2021, Vietnam's plastics industry has seen a resurgence in growth, with imports of plastic raw materials reaching US$11.69 billion and imports of plastic products reaching US$7.96 billion in 2021. Among them, PET, ABS and PE plastic raw materials imports have increased significantly.
  • Why are plastic materials mainly imported in Vietnam?
  • The reason that raw materials for the plastic industry in Vietnam are mainly imported is because the investment in the production of plastic materials often requires a lot of capital, including both initial investment capital and working capital during the operation.
  • How much plastic does Vietnam export?
  • In terms of exports, Vietnam's exports of both plastic raw materials and products are generally on the rise. In 2021, Vietnam exported US$2.26 billion in plastic raw materials and US$4.93 billion in plastic products, up 34.9% year-on-year. The United States, the European Union and Japan are the main export markets for Vietnam's plastic products.