Vietnam imported plastics to the tune of US$1,110 million in January, down from US$1,122 million in December, a change of -1.04 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$1,110 million worth of plastics by the end of January.
China accounted for US$366 million worth of Vietnam’s plastics imports in January. This was down from US$388 million in plastics imports in December, a change of 5.77 percent. Year to date, China has shipped US$366 million worth of plastics to Vietnam.
After China was South Korea making up US$170 million worth of Vietnam’s plastics imports in January. This was down from US$185 million in plastics imports in December, a change of 8.18 percent. Year to date, South Korea has shipped US$170 million worth of plastics to Vietnam.
Next was the USA contributing US$125 million worth of Vietnam’s plastics imports in January. This was up from US$113 million in plastics imports in December, a change of 11.21 percent. Year to date, USA has shipped US$125 million worth of plastics to Vietnam.
Following the USA was Taiwan representing US$96 million worth of Vietnam’s plastics imports in January. This was up from US$91 million in plastics imports in December, a change of 5.25 percent. Year to date, Taiwan has shipped US$96 million worth of plastics to Vietnam.
Rounding out the top five was Saudi Arabia constituting US$91 million worth of Vietnam’s plastics imports in January. This was up from US$80 million in plastics imports in December, a change of 13.94 percent. Year to date, Saudi Arabia has shipped US$91 million worth of plastics to Vietnam.
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Listed plastics companies
Key plastics firms listed on the Vietnam stock exchange include:
An Phat Bioplastics JSC
An Phat Bioplastics JSC (AAA) manufactures and exports biodegradable packaging, plastic resins, and environmentally friendly materials.
AAA closed at VND 7,810 on Friday, February 13, down 0.04 percent with 6,395,000 shares traded, worth VND 5,006 million.
Foreign ownership in AAA is currently capped at 100.0 percent, with current foreign ownership sitting at 1.6 percent.
An Phat Holdings JSC
An Phat Holdings JSC (APH) is a plastics and green materials conglomerate producing biodegradable packaging, engineering plastics, and recycled materials.
APH closed at VND 6,190 on Friday, February 13, down 0 percent with 665,000 shares traded, worth VND 410 million.
Foreign ownership in APH is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
Binh Minh Plastics JSC
Binh Minh Plastics JSC (BMP) manufactures and distributes plastic pipes, fittings, and construction materials for water and drainage systems.
BMP closed at VND 159,000 on Friday, February 13, down 0.3 percent with 726,000 shares traded, worth VND 11,497 million.
Foreign ownership in BMP is currently capped at 100.0 percent, with current foreign ownership sitting at 83.8 percent.
HaNoi Plastics Joint Stock Company
HaNoi Plastics Joint Stock Company
NHH closed at VND 10,950 on Friday, February 13, up 0.1 percent with 318,000 shares traded, worth VND 344 million.
Foreign ownership in NHH is currently capped at 100.0 percent, with current foreign ownership sitting at 0.3 percent.
Rang Dong Plastics JSC
Rang Dong Plastics JSC (RYG) produces packaging, plastic products, and household goods for domestic and export markets.
RYG closed at VND 10,700 on Friday, February 13, down 0 percent with 834,000 shares traded, worth VND 892 million.
Foreign ownership in RYG is currently capped at 50.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam plastic news
Recent developments in plastic products in Vietnam include:
Norway plastics investment
Norfund, a Norwegian investment fund, invested US$4 million in Circular Plastics Company to expand industrial polyethylene terephthalate recycling in Vietnam.
The funding will support capital expenditure and working capital for CPC’s recycling plant near Ho Chi Minh City.
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Vietnam’s plastics industry
Vietnam’s plastics industry has expanded alongside growth in manufacturing, construction and consumer goods, supplying packaging, household products and industrial components.
The sector includes a large number of small and medium-sized enterprises, with production concentrated in Ho Chi Minh City and the surrounding southern provinces.
Plastic products are exported to markets including the United States, Japan and Europe, particularly in the packaging and consumer goods segments.
The industry remains reliant on imported petrochemical feedstock, though domestic refining and petrochemical capacity have gradually increased in recent years.
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The data
Vietnam imports of plastics in January, US$m
| January | December | MoM | YTD | |
| Total | 1,110.17 | 1,121.88 | -1.04% | 1,110.17 |
| Other | 5.37 | 5.76 | -6.85% | 5.37 |
| China | 365.55 | 387.94 | -5.77% | 365.55 |
| South Korea | 169.77 | 184.90 | -8.18% | 169.77 |
| USA | 125.37 | 112.74 | 11.21% | 125.37 |
| Taiwan | 96.29 | 91.49 | 5.25% | 96.29 |
| Saudi Arabia | 91.20 | 80.04 | 13.94% | 91.20 |
| Thailand | 62.24 | 63.29 | -1.66% | 62.24 |
| Japan | 42.69 | 50.91 | -16.15% | 42.69 |
| Singapore | 28.11 | 27.15 | 3.52% | 28.11 |
| Malaysia | 26.27 | 29.98 | -12.36% | 26.27 |
| UAE | 20.28 | 18.46 | 9.85% | 20.28 |
| Indonesia | 11.91 | 12.14 | -1.93% | 11.91 |
| Kuwait | 10.93 | 4.81 | 127.09% | 10.93 |
| Russia | 9.30 | 10.13 | -8.19% | 9.30 |
| Qatar | 7.78 | 5.16 | 50.95% | 7.78 |
| India | 7.60 | 8.45 | -10.09% | 7.60 |
| Germany | 5.81 | 5.14 | 13.06% | 5.81 |
| Spain | 4.92 | 3.62 | 35.88% | 4.92 |
| Brazil | 4.32 | 3.06 | 41.10% | 4.32 |
| Belgium | 2.65 | 3.53 | -24.90% | 2.65 |
| Canada | 2.56 | 3.21 | -20.38% | 2.56 |
| Netherlands | 1.94 | 3.25 | -40.22% | 1.94 |
| Italy | 1.72 | 1.32 | 30.88% | 1.72 |
| France | 1.70 | 1.48 | 14.52% | 1.70 |
| Hong Kong | 1.22 | 1.13 | 8.14% | 1.22 |
| Philippines | 0.78 | 0.86 | -8.91% | 0.78 |
| UK | 0.65 | 0.61 | 6.76% | 0.65 |
| Australia | 0.58 | 0.62 | -6.86% | 0.58 |
| Sweden | 0.42 | 0.18 | 136.18% | 0.42 |
| South Africa | 0.23 | 0.52 | -54.89% | 0.23 |