Industry News

Đồng Nai’s FDI attraction surpasses annual target

The attraction of foreign direct investment (FDI) in the southern province of Đồng Nai has, so far, this year surpassed the US$1 billion target set for the entire 2017.

Thai company to offload stake in Tiền Phong Plastic

Thailand’s Nawaplastic Industries (Saraburi) Company Limited will offload its entire stake of 21.27 million shares in Tiền Phong Plastic JSC (NTP).

Shortage of local raw rubber material

Although Viet Nam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing.

It’s time for biodegradable plastic bags in Vietnam

In Vietnam, plastic bags bear the environmental protection tax rate of VND40,000 per kilo, or VND200-400 per bag (100-200 bags per kilo). MOF believes that the tax rate is too low compared with countries which restrict production and use.

IPO to look out for: VN Rubber Group's mega-land bank

With a massive land fund, Vietnam Rubber Group (VRG) is a name many investors pay close attention to. However, due to its huge capitalisation, VRG has yet to select a strategic investor, although there are only a few days until its initial public offering (IPO).

Rubber group targets high profit by 2020

Vietnam Rubber Group (VRG) has set higher targets on both revenue and profit by 2020, although its farming area is to stay unchanged.

US largest export market for VN’s footwear, bags

The United States (US) has been the largest export market for Vietnamese footwear, bags and suitcases in the first five months of 2017, the General Department of Customs said.

Dutchman wants to deploy barriers to gather, recycle Pacific plastic

A 22-year-old Dutchman on Tuesday said it would be possible to reduce by half the millions of tonnes of plastic garbage in the Pacific by deploying floating barriers.

Formosa to pour additional $1bn into steel project

Major subsidiaries of the Formosa Plastics Group, Taiwan’s largest industrial conglomerate, have announced they are planning to invest $1 billion in the Formosa Ha Tinh Steel Corp. (FHS), the owner of a sizable steel project in Vietnam.

EU poultry industry to study feather-based plastics packaging

This may not answer the old question about the chicken and the egg, but a European project is looking at whether it's possible to use poultry waste products in bio-based packaging for, among other things, poultry products.
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