Attraction of package manufacturing industry to foreign enterprises
The packaging industry plays an important role in our country's economic development. Through many ups and downs, package manufacturing factory has so far affirmed its role. Besides, the industry has also created its attraction in production and packaging activities. Up to now, the strong development has made the packaging industry become the spearhead industry of our country.
Package manufacturing factories 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, package manufacturing factories have a faster growth rate. This is an opportunity to help Vietnam attract more foreign investment.
According to analysts, domestic production of goods is serving the local market. And the export market will continue to increase strongly in the near future. In recent years, Vietnam has attracted quite a strong attraction to foreign enterprises. 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 double digits.
Foreign enterprises invest in package manufacturing factories in Vietnam
Recently, the BillerudKorsnäs Company who has factories in the UK and Finland has officially raised the issue of development cooperation. This enterprise is intending to invest in an official package manufacturing factory 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 package manufacturing factory 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.
Great profit when opening packaging factory 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 (Batico). This is one of the major packaging manufacturers in Vietnam. The investment of this enterprises is 44 million USD.
In the wave of foreign enterprises pouring capital into package manufacturing factories, 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 over 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.