Vietnam's plastics industry is expected to grow by up to 18% by 2010, with total production to hit 4.2 million tones, double the level in 2007. Several major projects are expected to increase production capacity of Vietnam's northern region from 26% to 31% of total output, while production in the south is to be tapered off. The country's Master Plan set to build up the plastics industry. With the aim to establish domestic sources of input materials and increasing production of high-tech content products, especially for export, the government is encouraging investment in the production of materials in an effort to reduce dependency on imports. The industry aims to supply nearly 50% of materials needed for production by 2010.

(Source: VNS)