Vietnam
2008-12-01
Industry Overview
Packaging only accounts for around 8-10 percent of Vietnam’s GDP. Vietnam has 900 packaging producers of all sizes. Unfortunately, the increase in the number of manufacturers has not led to a significant improvement in packaging quality and design. This is recognized as a serious problem for Vietnam’s economy as a whole. With packaging inferior to that used for foreign-made products, Vietnamese commodities find themselves less competitive internationally. Vietnam’s packaging production technology is in urgent need of upgrading and appropriate investment.
Numerous companies from Asia and Europe have entered the Vietnam market seeking business opportunities in the packaging industry. Packaging equipment from Germany, Japan, Italy and Taiwan are considered the best sellers in Vietnam. The European Union, Japan, and Taiwan are active in the packaging market, while the US’s participation is significantly less active. These importers are expected to expend time and effort to cultivate effective relationships in the packaging sector.
Good sales prospects for packaging equipment imports:
-Vacuum packing machine, packaging machinery for fruit & vegetable juice processing.
-Small pack-packaging equipment.
-Alcoholic and non-alcoholic drink packaging machinery.
-Instant noodle and snack packaging equipment.
-High and medium capacity bottling and labeling equipment.
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