April 4, 2025 6:00 PM
Vietnam has retained its attractiveness as a manufacturing hub for a growing number of foreign investors. Undoubtedly, Vietnam’s plastics market has been on the upswing due to rising demand from end-user industries. Estimated at 10.9 million tons in 2024, Vietnam’s plastic market is projected to grow by a CAGR of 8.4% from 2024-2029, reaching 16.4 million tons by 2029, according to a report by Mordor Intelligence. The report attributes this growth to the resumption of activities in end-user industries to pre-pandemic levels, with construction activities in industrial estates driving demand for plastics, alongside with stable demand from the F&B packaging, electronics/electrical, automotive, and medical and healthcare sectors.
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