Why many foreign firms choose packaging factory for rent in VN?
The packaging industry plays an important role in the country's economic development. The strong development of the packaging industry has made the demand for packaging factory for rent increasing. Whether a large factory or a small factory would fit into a packaging factory. Read the following article to better understand the packaging industry, as well as packaging factory for rent!
Packaging factory grow by double digits
Currently, Vietnam is one of the countries whose packaging industry develops strongly. With the growth of this industry ranges from 10 - 12%. Especially in the context of growing consumer and export goods, quantity of packaging factory for rent have a faster growth rate. This is an opportunity to help Vietnam attract more foreign investment.
Inside of a packaging factory for rent
According to analysts, the number of high quality workshop for rent for domestic production and export has been increasing. In recent years, Vietnam has attracted a lot of attraction to foreign businesses. Foreign investors see the advantages of a developed market. Competitive resources also improved. It is forecasted that in the coming years, the industry's annual growth will not be less than two digits. As a result, the supply and demand of packaging factory for rent near HCMC have increased sharply.
Foreign enterprises invest in packaging factory for rent in Vietnam
Recently, the BillerudKorsnäs Company who has rental factory in the UK and Finland has officially raised the issue of development cooperation. This enterprise is intending to invest in an official packaging factory for rent in Vietnam. Cement packaging is the investment form chosen by this company. Mr. Le The Ngoc, Deputy Director of the Department of Construction Materials (Ministry of Construction) said that the development strategy of Vietnam's cement industry is focusing on sustainable development.
Korean and Japanese enterprises are also not outside M&A deals in the package manufacturing industry in Vietnam. Dongwon Systems Corporation (Korea) has invested US $ 21.86 million in Minh Viet Packaging Co., Ltd. At the same time, the additional US $ 39 million was purchased for a 47% stake in Tan Tien Plastic Packaging Joint Stock Company. In addition, Tetra Pak has built its first packaging factory for rent in Vietnam. This plant is expected to be exploited next year. This is to shorten the time and meet the stable supply for domestic manufacturers.
More and more foreign firms choose packaging factory for rent in VN
Great profit when opening packaging factory for rent in Vietnam
After years of investing in Vietnam, SCG Group (Thailand) also did not miss the opportunity to increase profits. They focus on investing in package manufacturing. This enterprise has acquired 80% of the shares of Tin Thanh Packaging Joint Stock Company (Basico). This is one of the major packaging manufacturers in Vietnam. The investment of these enterprises is 44 million USD.
In the wave of foreign enterprises pouring capital into packaging factory for rent in Vietnam, domestic enterprises have to face fierce competition. Therefore, domestic enterprises must proactively create competitive advantages. They include production scale, capital sources, stable output both for domestic and for the export market. Binh Minh Packaging Joint Stock Company expects revenue of about VND 300 billion. This is a company specializing in the field of printing production. At the same time, this enterprise also provides complex packaging for food, confectionery, and pharmaceuticals. Currently, Thai and Korean packaging enterprises in Vietnam have a large export market. These enterprises dominate domestic enterprises.
In the near future, Vietnamese enterprises need to invest more strongly. New technologies are applied for development in the domestic market. Hopefully, in the future, the Vietnamese market will maintain a high growth rate in the industry.