Packaging industry has attracted Japanese investments
The packaging manufacturing industry has proven the development potential and attracted much investment capital from domestic and foreign enterprises. Recently, Artpresto Vietnam factory (100% of Japanese capital) specializing in packaging production with a total investment of 5 million USD started in Ha Nam.
Packaging industry has attracted Japanese investments
Major sectors such as manufacturing and agriculture, is speeding up, leading to the demand for packaging being quite diverse. Recently, the project of Artpresto Vietnam packaging factory, invested by Artpresto Vietnam Company (belonging to Bandai Namco Group), with the goal of producing high quality packaging products with a total level of US $ 5 million investment started in Chau Son Industrial Zone, Ha Nam province right in the first week after the Lunar New Year holiday. This is a good signal for packaging industry.
Artpresto Vietnam factory will operate with a capacity of nearly 40 million products / year after completion. Mr. Urano Masahiro, General Director of Artpresto Vietnam, said that when it comes into operation, the factory in Vietnam will contribute to completing the supply chain of high quality packaging products for the Japanese and Vietnamese markets.
Previously, in mid-2018, United Packaging Co., Ltd., belongs to Oji Holdings Corporation Group, has invested capital to build a factory located in Tan Phu Trung Industrial Park (Cu Chi District, Ho Chi Minh City), in an area of 5 hectares, with a total investment of more than USD 15 million. United's factory specializes in manufacturing paper products such as high-end packaging used in the food industry and goods labels. The plant is expected to be completed and put into operation in 05/2019.
Potential for packaging industry development
The packaging and processing industry in Vietnam has a current growth rate of 10-15% per year, attracting suppliers of machinery and equipment operating in the industry and foreign businesses to expand investment.
Packaging is rich in types, designs and packaging materials. Packaging materials in Vietnam are using mainly plastic, paper, carton, metal and glass. It is estimated that the whole industry will grow by 25% in 2019.
Mr. Nguyen Ngoc Sang, Chairman of Vietnam Packaging Association (VINPAS) said: Foreign packaging enterprises come to Vietnam to invest in factories to take advantage of business opportunities, but they are also the driving force for the packaging industry in the country. When the market is fiercely competitive, domestic businesses will have to invest more and change in time to keep up with the development of the packaging industry.
It is forecasted that by 2025, the economic sectors, mainly from food, pharmaceuticals and cosmetics, will grow by 2 numbers, which is also a good opportunity to develop the packaging industry. For the packaging industry in Vietnam, it is estimated that the number of enterprises operating in the printing and packaging industry in the country has about 2.000 units, in which plastic packaging industry has the fastest growth rate of about 15%. The market is divided into the areas of plastic packaging, carton / paper packaging, metal packaging and other types.
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