PACKAGING INDUSTRY ATTENTION FOREIGN CAPITAL - BINH DUONG
The pandemic has posed significant challenges to global supply chains and the manufacturing industry. However, the effects of the pandemic only derail Vietnam's economic growth in the short term. Hence, in terms of market outlook, as there are still many favorable factors for growth such as large population, increasing per capita income, rapid urbanization and growing concern about safety. food and personal welfare.
In 2020 and the first 4 months of 2021, Vietnam recorded 56 newly registered foreign-invested projects in the packaging industry with a total value of 516 million USD.
In which, the paper and carton packaging segment is still attractive to many foreign investors. Recently, another segment that has also attracted foreign investment is soft packaging. Packaging is one of the fast-growing sectors in the Vietnamese market, with a growth rate of 13.4% per year in the period 2015-2020. In which, the segment of plastic packaging, paper packaging and cartons accounted for 81.6% of sales revenue.
But also note that the strong development of the packaging industry in Vietnam is due to the solid growth of related fields such as packaged food, beverage, FMCG, export activities (such as fisheries and electronics) and the strong growth of modern trade.
Investments by foreign packaging manufacturers will not only meet domestic demand, especially during the post-pandemic economic recovery, but also serve exports.
