Vietnamese Packaging Market Provide Opportunities For China's Packaging Machinery

Since the US International Trade Commission and the Ministry of Commerce made anti-dumping rulings in 2004, many Chinese retail bag manufacturers have moved the plastic bag packaging production to Vietnam. According to the US Department of Commerce's statistics, Vietnam has now become the second largest exporter of US plastic retail bags, its exports from 2006 slightly higher than 19 million US dollars to nearly 86 million US dollars in 2008. At present, the United States impose levy less than 5% of the import tax of Vietnam's plastic bags.
At present, although the Vietnam's plastics machinery market is not advanced, but in recent years the pace of development of the plastics industry in Vietnam is obvious to all. Vietnam's rapid economic development, the need for high-speed packaging products and the rapid growth of export products, high-quality packaging needs are constantly expanding rapidly, which gives packaging equipment and packaging materials enterprise a good opportunity. Although the current Vietnam's packaging enterprises production equipment and raw materials are basically imported from the West and Japan. However, but the Chinese products have the features of nearby distance (leading to low freight, fast delivery), cheap, technical application (especially for non-key printing enterprises in Vietnam), training, easy repair. Therefore, the Vietnam's packaging market is a good opportunity for Chinese packaging machinery enterprises. In order to expand domestic and international market share, Vietnam's plastics enterprises have increased investment, increase the scale of operation. As the Vietnamese industrial development is relatively backward, especially the backwardness of the machinery manufacturing industry, making the Vietnamese plastic machinery and equipment need a lot of imports, which provide an opportunity for China's exports of plastic machinery products.
China's plastic packaging machinery enterprise after years of development, has a certain strength, relative to the international large enterprise products, China's plastic packaging machinery product advantages mainly in terms of cost. China's product prices lower, can entry into the scope of the more a large range of Vietnamese enterprises; Second, the establishment of China-ASEAN Free Trade Area, reduce the products tariffs on China's exports to Vietnamese; in January 2007, Vietnam's accession to the WTO, also provide opportunities for China's exports of plastic machinery products to Vietnam. And this one, plastic packaging equipment machinery exports become a top priority. In this recession "winter" under the shrouded, there is such a good plastic packaging machinery market for China's plastics machinery enterprise is undoubtedly lucky. Facing the development of their own plastic packaging industry in Vietnam, China's plastic packaging machinery enterprises should seize the opportunity to open up the soil, firmly grasp the rising plastic packaging market!