Consumers, as well as Vietnamese customers, today pay more attention to the environment. This is an opportunity but also a challenge for companies to take action towards sustainable development.
FrieslandCampina Vietnam has taken part in a programme titled Plastic Waste Prevention in response to the Making the World Cleaner Campaign initiated by Australia in 1993 and launched globally by the United Nations Environment Programme
Plastic firms in Viet Nam are facing fierce competition and are at
the risk of being acquired by foreign companies, experts said at a
conference in HCM City on November 2.
Binh Minh Plastics Company (BMP) is working with a consulting firm to
lift its foreign investment cap to 100 per cent before the year-end, HCM
City Securities Corporation reported.
The Viet Nam Saigon Plastic Association will focus on research to
develop renewable raw materials replacing fossil-based materials for
making plastics in the 2016-20 period, its president has said.
The domestic plastic industry has achieved high growth in exports but
continues to face difficulties arising from a lack of input materials,
said the Viet Nam Plastic Association (VPA).
Free trade agreements (FTAs) have opened up opportunities for
Vietnamese plastic makers to expand their exports, according to a report
in the Vietnam Economic News.
Locally-made household plastic products were losing market share to
imported products due to their poor designs and R&D activities,
reports the Ministry of Trade and Industry