The paper industry needs to switch from production of normal packaging since supply exceeds demand and invest in other items such as high-quality packaging paper, which is still mostly imported.
The paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.
Long An Province has proposed to the Government to convert Phuong Nam Pulp Mill into a 100-ha eco-urban area as a measure to handle this heavily-failed project.
The demand for packaging paper is expected to grow 14-18 per cent per year in the next five to ten years, said the Viet Nam Pulp and Paper Association.
Viet Nam’s paper industry has been facing difficulties in production due to the high cost of imported raw materials, though production has been stable since the start of this year.
The People’s Committee in central Quang Ngai Province has assigned the provincial Department of Planning and Investment to revoke the investment certificate of Tan Mai Pulp and Paper Factory.
The Tri Viet Agricultural Food Trading and Producing Company on Monday officially introduced pure fruit pulp, juice and dry fruit products under Trivie brand to the local market and exporters.
Viet Nam has yet to have a modern, large-scale pulp production chain,
despite the approval of several projects, Vu Ngoc Bao, general secretary
of the Viet Nam Pulp and Paper Association told Vietnam Economic Times .