Mr. Tony Dinh - Chairman of Vietnam Plastics Association (VPA) shared insights on the repositioning opportunities for the plastics industry

On Thursday (05/12/2024), Vietnam Plastics Association (VPA) hosted the Member Meeting 2024 at the Royal Hotel Saigon. At the event, Mr. Tony Dinh – Chairman of Vietnam Plastics Association – shared insights on the goals and development directions of Vietnam's plastics industry in the context of extensive international integration and green transition trends.

Remarkable achievements of Vietnam’s plastics industry

Mr. Tony Dinh, Chairman of Vietnam Plastics Association , opened the ceremony by emphasizing the plastics industry's key role, contributing significantly to national economic growth after a decade of steady development. With over 4,000 enterprises - over 90% of which are small and medium-sized businesses - the plastics industry provides jobs for over 250,000 workers.

Vietnamese plastic products meet domestic demand and are available in more than 170 global markets. The industry has experienced robust growth in central, highly potential markets such as the US, Japan, China, South Korea, Europe, Thailand, and India. The industry’s revenue in 2024 is expected to reach $31 billion, increasing 23.9% from 2023, marking a critical milestone in sustainable integration and development.

Opportunities, challenges, and development prospects

In his speech, Mr. Tony Dinh identified several factors driving the growth of Vietnam's plastics market, including the increasing use of plastic components in transportation manufacturing industries such as automotive, motorbike, and aerospace; global urbanization (which boosts demand for plastics in construction); the rapid expansion of the global middle class and the rise of e-commerce (which raise demand for household plastics and packaging materials). In addition, Vietnam has become one of the world’s key manufacturing hubs, thanks to numerous factories established and relocated, enhancing the development of domestic plastics market.

Mr. Tony Dinh - Chairman of Vietnam Plastics Association , delivered a speech at the event

Mr. Tony Dinh provided strategic insights into the future development of the plastics industry. Firstly, the global shift toward sustainability and a circular economy offers significant opportunities for producing eco-friendly recycled plastics, meeting the demands of markets like Europe, the US, and Japan. Secondly, agreements such as the EVFTA, CPTPP, and RCEP open export opportunities, elevate production standards and foster the development of high-value-added products. Thirdly, Extended Producer Responsibility (EPR) regulations and government support encourage businesses to adopt green practices and sustainable development.

Stavian Group’s efforts for Vietnam's plastics industry

Under the leadership of Mr. Tony Dinh – Chairman of Stavian Group and Chairman of Vietnam Plastics Association – Stavian Group has delivered superior-quality products and highly professional solutions, ensuring satisfaction for customers and partners across all markets. Stavian Group has also consistently made efforts to improve policy and promote ground-breaking initiatives for VPA and Vietnam's plastics industry. Over the past years, Stavian Group and the VPA have actively participated in environmental protection and social responsibility initiatives through charitable and community support activities.

In the future, Stavian Group will keep developing as a reputable large-scale multinational industrial corporation, contributing to Vietnam's socio-economic development and the global economy. At the same time, Stavian Group is committed to sustainable development, actively engaging in environmental protection and upholding a strong sense of community responsibility.

For more information about the event, please visit Business Forum Magazine or Vietnam Plastics Association.