india hits viet nam with anti dumping duty

India hits Viet Nam with anti-dumping duty

India has decided to impose anti-dumping duties on plastics processing machines, or injection moulding machines, imported from Viet Nam, Taiwan, Malaysia and the Philippines.
shares flat amid oil price jump

Shares flat amid oil price jump

Vietnamese shares fell slightly on both local bourses yesterday, led by plastics firms amid fear that their profitability will be hurt from an increase of global oil prices.
thai group positions to take over vietnam plastics industry

Thai group positions to take over Vietnam plastics industry

Driven by record high growth rates ranging from 20-25% over recent years, Thai Siam Cement Group (SCG) is positioning itself to take over the Vietnam plastics industry, say leading industry analysts.
vietnams plastics industry prepares for aec launch

Vietnam’s plastics industry prepares for AEC launch

The launch of the ASEAN Economic Community (AEC) late this year is expected to create many opportunities and challenges for the domestic plastics industry, so the sector must take steps to prepare for integration.
plastics firms urged to adapt to aec market

Plastics firms urged to adapt to AEC market

Companies in the plastics industry should apply advanced technologies to maintain competitiveness after the ASEAN Economic Community (AEC) takes effect by year-end, speakers at a seminar said on September 17.
indian plastic firms want bigger share in fast growing vietnam

Indian plastic firms want bigger share in fast-growing Vietnam

Indian plastic manufacturers are seeking opportunities to raise their market share in Vietnam, a fast-growing market in Southeast Asia, a representative of the Plastics Export Council of India (PLEXCONCIL) said at a recent exhibition in Ho Chi Minh City.
formosa incentives fully legal

Formosa incentives fully legal

Discussions have recently raged over the incentives offered to Formosa Plastics Group’s $10 billion steel and Son Duong deep-water seaport complex in the central province of Ha Tinh. Professor Nguyen Mai*, who acted as an advisor to the province on this gigantic project talked to VIR’s Thanh Huong about the issues involved.
formosa eyes import tax break

Formosa eyes import tax break

Taiwan’s Hung Nghiep Formosa Ha Tinh Steel Limited Company, a subsidiary of Formosa Plastics Group, has proposed it be exempt from paying import taxes on its project.
formosa plastics steel blast furnace hits halfway point

Formosa Plastics’ steel blast furnace hits halfway point

Taiwan’s Formosa Plastics Group has completed more than half of the construction of a blast furnace at its steel manufacturing facility in the central province of Ha Tinh towards the goal of starting commercial operations next year.
binh minh plastics to pay back taxes

Binh Minh Plastics to pay back taxes

Binh Minh Plastics will have to pay its corporate income tax arrears to local tax authorities following clarification that firms could not benefit from multiple forms of tax exemptions.
formosa to add 500m investment

Formosa to add $500m investment

Taiwan’s largest industrial group Formosa is going to spend an additional $500 million to expand its textile and plastics production capacity in Vietnam, in anticipation of the zero-tariff treatment for exports after Vietnam joins Trans-Pacific Partnership agreement.
bayer harnesses green house gas for production

Bayer harnesses green house gas for production

Bayer MaterialScience, a subsidiary of Bayer AG – one of the world’s largest polymer companies – is aiming to commercialise the use of carbon dioxide as a new raw material for plastics following a successful test phase.
leading plastics company cooperates with japan

Leading plastics company cooperates with Japan

Tien Phong Plastic Joint Stock Company, a leading plastics producer in Vietnam, signed a contract with Sekisui Chemical Co. Ltd. from Japan in the northern city of Hai Phong on July 22 in a bid to promote investment and expand its markets and operations in regional countries.
formosa plastics pledges 27bn

Formosa Plastics pledges $27bn

Taiwan’s Formosa Plastics Group has approved a plan to triple its total investment capital into an integrated steel and port complex in central Vietnam to a massive $27 billion sum.
plastics exports rises strongly in 2012

Plastics exports rises strongly in 2012

The plastic industry last year posted a year-on-year growth of over 42.2 pct in export with total revenue of $1.98 billion, the Vietnam Plastics Association (VPA) reports.