Workers are working on the production line at a plastic bag factory of the HAPLAST JSC (Photo: VNA)
Hanoi (VNS/VNA) - Room for growth is ample for Vietnamese plastic exports, asAustralian demand has risen steadily in recent years.
TheVietnamese Trade Office in Australia (VTOA) reported that Vietnamese plasticexports to the country grew by over 11 percent between 2017 and 2021. In 2021, Vietnamtook revenue of nearly 87 million USD in plastic trade with Australia, up28.5 percent year-on-year.
Sincethe changing consumption habits in Australia are associated with a greaterpreference for convenience and ready-to-eat foods, the demand for plastic bagsused in the food industry is expected to hold steady, creating more roomfor Vietnamese plastic.
Additionally,Australian agricultural and food exports are forecast to continue to climb inthe short term thanks to free trade agreements, raising the demand for plasticbags in packaging. Vietnamese plastic is believed to benefit significantlyfrom this upward trend.
Notably,Australian states have planned to ban single-use plastic products by 2025. Thatmeans Vietnamese environment-friendly plastic will become more appealing to thecountry in the coming years, another good news for plasticexporters.
TheVTOA underlined trade fairs as an effective channel allowing Vietnamese firmsto reach out to Australian partners. The organisation said it wouldhelp firms stay well-informed about Australia's trade fairs and tradeopportunities.
Italso said that it promoted Vietnamese firms to Australian partners anddeveloped plans to help these firms look for exclusive distributors in themarket.
Australiaconsumes over 3.5 million tonnes of plastic every year, 60 percent ofwhich comes from imported plastic. In 2021, the country imported 7.3 billion USDof plastic, up 18 percent compared to 2020./.
Bilateral trade between Vietnam and Australia is growing strongly, reaching 1.38 billion USD in the first quarter of 2022, a surge of 32.36 percent against the same period last year, according to the General Department of Vietnam Customs.
Vietnam will support Australian enterprises as they explore and expand their investment, business and trade activities in the country, Vietnamese Ambassador to Australia Nguyen Tat Thanh told the host’s business community on May 5.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) helps promote Vietnam-Australia cooperation in terms of trade and investment, the Cong Thuong (Industry and Trade) newspaper said, citing Vietnamese Ambassador to Australia Nguyen Tat Thanh.
The promotion of learning Vietnamese as a foreign language helps raise public interest in Australia regarding the importance of Vietnam as a strategic partner in relation to business and investment, agriculture and food manufacturing, and education and training, experts held.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Workers are working on the production line at a plastic bag factory of the HAPLAST JSC (Photo: VNA) 
