Vietnam imported plastic products to the tune of US$950 million in October, down 2.93 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$8,825 million worth of plastic products by the end of October.
In October, Vietnam’s top supplier of plastic products was China, accounting for US$601 million worth. This was down 5.07 percent over September. Year to date, China has shipped US$5,540 million worth of plastic products to Vietnam.
After China, South Korea was the next biggest supplier. It shipped US$120 million worth of plastic products to Vietnam in October, a fall of 9.96 percent. Its total for the year to date is now sitting at US$1,242 million.
Japan was also a major supplier, shipping US$88 million worth of plastic products to Vietnam in October. This was a fall of 1.76 percent, for a total of US$777 million for the year.
Rounding out the top five was Taiwan with US$26 million, a 7.54 percent change month-on-month, for a total of US$265 million for the year, and Thailand with US$23 million, a 5.05 percent change for a total of US$216 million.
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Vietnam imports of plastic products in October, US$millions
| October | September | MoM | YTD | |
| Total | 950.37 | 979.07 | -2.93% | 8,824.61 |
| Other | 44.34 | 40.84 | 8.57% | 346.10 |
| China | 600.56 | 632.61 | -5.07% | 5,539.72 |
| South Korea | 119.89 | 133.15 | -9.96% | 1,242.48 |
| Japan | 88.13 | 86.61 | 1.76% | 776.57 |
| Taiwan | 25.99 | 24.17 | 7.54% | 264.60 |
| Thailand | 22.60 | 21.51 | 5.05% | 215.99 |
| USA | 19.57 | 15.15 | 29.17% | 178.35 |
| Germany | 8.67 | 7.89 | 9.91% | 80.29 |
| Malaysia | 8.40 | 7.34 | 14.49% | 80.70 |
| UK | 7.41 | 5.41 | 37.13% | 56.24 |
| Indonesia | 4.80 | 4.39 | 9.47% | 43.57 |
| India | 3.36 | 1.93 | 73.95% | 30.10 |
| Switzerland | 3.26 | 2.94 | 11.12% | 27.19 |
| Italy | 3.11 | 2.86 | 8.80% | 30.12 |
| Singapore | 2.29 | 1.91 | 19.68% | 23.05 |
| Denmark | 1.92 | 1.12 | 71.74% | 13.35 |
| France | 1.39 | 2.38 | -41.65% | 16.28 |
| Philippines | 1.16 | 1.13 | 2.76% | 13.02 |
| Hong Kong | 1.09 | 1.34 | -18.36% | 14.84 |
| Spain | 1.03 | 1.28 | -19.57% | 11.52 |
| Netherlands | 0.95 | 0.95 | 0.18% | 8.38 |
| Sweden | 0.67 | 0.70 | -4.84% | 6.70 |
| Turkey | 0.25 | 0.22 | 13.38% | 3.12 |
| Canada | 0.22 | 0.30 | -25.03% | 2.04 |
Listed plastic products companies
An Phat Bioplastics JSC
An Phat Bioplastics JSC (AAA) manufactures and exports biodegradable packaging, plastic resins, and environmentally friendly materials.
AAA closed at VND 7,900 on Friday down 0.06 percent with 14,600,000 shares traded, worth VND 11,563 million.
Foreign ownership in AAA is currently capped at 100.0 percent, with current foreign ownership sitting at 2.2 percent.
Do Thanh Technology Corporation
Do Thanh Technology Corporation (DTT) manufactures automotive parts, plastic products, and mechanical components.
DTT closed at VND 15,000 on Friday down 0 percent with 1,000 shares traded, worth VND 2 million.
Foreign ownership in DTT is currently capped at 49.0 percent, with current foreign ownership sitting at 0.2 percent.
Tan Dai Hung Plastic JSC
Tan Dai Hung Plastic JSC (TPC) manufactures and exports plastic packaging and woven sacks.
TPC closed at VND 12,100 on Friday down 0 percent with 0 shares traded, worth VND 0 million.
Foreign ownership in TPC is currently capped at 49.0 percent, with current foreign ownership sitting at 1.7 percent.
Thuan Duc Joint Stock Company
Thuan Duc Joint Stock Company (TDP) produces and trades plastic packaging and industrial sacks for cement and fertiliser producers.
TDP closed at VND 29,250 on Friday down 1.45 percent with 1,260,000 shares traded, worth VND 3,744 million.
Foreign ownership in TDP is currently capped at 51.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam’s plastic products industry
Vietnam’s plastic products industry has grown rapidly alongside rising domestic consumption and strong demand from export markets.
Manufacturers produce a wide range of goods including packaging, household items, construction materials and components for electronics and automotive sectors.