Tetra Pak has introduced its end-to-end solutions for food processing and packaging for the dairy industry at the fourth Vietnam Dairy 2024, which opened in HCM City on May 30.
Local enterprises need to understand that besides the quality of products, packaging quality also has a significant impact on the process of exporting goods to overseas markets.
The 2024 Vietnam International Paper and Packaging Exhibition and the 3rd Vietnam International Electricity, Energy, Industrial machinery and Automation Exhibition opened in Bình Dương Province on May 8.
Tetra Pak has announced an additional 97 million euros (US$104.2 million) investment to expand its packaging material production facility further in the southern province of Bình Dương.
Despite the emerging opportunities in the recycling industry, Vietnamese businesses are facing challenges in harnessing these prospects, putting them at risk of losing market share domestically.
Confectionary producer Mondelez Kinh Đô Vietnam recently signed a strategic cooperation agreement with Đồng Tiến Paper Company, Ltd and Vĩnh Xuân Paper Company, Ltd to bolster packaging collection and recycling capacities in Việt Nam.
Việt Nam is now home to 900 packaging enterprises, with some 70% operating in the south, mostly in HCM City, Bình Dương and Đồng Nai, they said, adding demand for carton packaging is rising on the back of e-commerce development.
Packaging is a bridge between a brand and its customers, but many producers in Việt Nam have not paid proper attention to improving the appearance of their products.
The proposed cost for recycling packaging in the Ministry of Natural Resources and Environment’s draft regulation are unreasonably high, which would push up prices, causing difficulties for themselves and consumers, businesses said.
Bangkok-based SCG Packaging Plc (SCGP) has announced that it is acquiring a 70 per cent stake in Starprint Vietnam JSC (SPV) for 1.53 billion baht (US$44.5 million) to take advantage of positive prospects in Viet Nam.
Expanding the tax base and increasing environmental protection tax on non-biodegradable packaging materials would be considered with an aim to limit the use of these materials.
Online food delivery application Baemin recently signed a co-operation agreement with Serveone Vietnam to provide environmentally-friendly packaging products to merchant partners.