Vietnam’s plastics industry exports on the decline

Plastics exports from Vietnam reached only US3.7 billion from January to September of this year, a 12.2 percent dop year-on-year, Vietnam News is reporting. This has been attributed to the broader global economic slowdown by the Vietnam Plastics Association.

Of note: Last week, a request to increase import taxes on plastics products was knocked back by the Ministry of Finance. See: Import taxen hikes suggested to support local plastics business.