The Vietnam Plastics Association has announced that the nation's 2012 plastics exports are expected to grow 25 percent to 28 percent from last year to $1.7 billion, according to a China Ministry of Commerce press digest of the Thoi Bao Kinh Te Vietnam (Vietnam Economic Times).
VPA members also reported that they are booked through the end of the second quarter, and prices on average have risen 10 percent over a year ago, the press digest said.
Japan, the U.S. and Germany currently are the major export destinations for Vietnamese plastics manufacturers. In the meantime, demand from the Southeast Asia region is expanding rapidly and is estimated to reach around US$100 billion.
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