PPV20 - eNewsletter#2: Vietnam packaging & processing's industry on the rise

 

The Vietnam’s packaging & processing industry has experienced rapid growth over the past years and is expected further expansion as its potential capacity. Technology advancement is inevitable to stand out and catch up with growing market

Vietnam ranks 30th in packaging consume of the world, expected to reach US6.258 billion by 2020. As BMI estimated, Vietnam’s pharmaceutical industry will reach 7.7 billion USD in 2020, equivalent to 10.3% annual growth rate until 2020. VPPA shows that, in recent years, paper packaging has an average growth rate of 15-17% per year. F&B industry is reaching to 18% or more per year and attracting a lot of foreign investment. Domestic consumer – FMCGs demand continued to grow impressively, reaching 13% in the first quarter of 2019

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