Since the US International Trade Commission and the Department of Commerce made the anti-dumping ruling in 2004, many Chinese retail bag manufacturers have moved their plastic bag packaging production to Vietnam. According to the relevant statistics of the US Department of Commerce, Vietnam has become the second largest exporter of plastic retail bags to the US, and its export volume has increased from slightly more than US $19 million in 2006 to nearly US $86 million in 2008. At present, the United States imposes an import tax of less than 5% on Vietnamese plastic bags.
     Vietnam packaging market provides opportunities for Chinese packaging machinery
     Although the current Vietnamese plastic machinery market is not advanced, the development speed of the Vietnamese plastic industry in recent years is obvious to all. Since 1995, China's plastic output has increased by 20-25%, of which the average annual growth rate from 2000 to 2005 was 27.2%. By 2005, the plastic output was 2.1 million tons, and the per capita consumption was 25.3 kg. In 2005, the plastic export value was 380 million US dollars, an increase of 37% over 2004. The rapid development of Vietnam's plastic industry also provides opportunities for China's plastic machinery export to Vietnam. According to Vietnam Plastics Corporation, the future equipment investment of Vietnam plastics industry is about 2 billion US dollars. From 2006 to 2010, Vietnam plans to spend 875 million US dollars (67.7 yuan) to develop its plastic packaging industry. This shows that there are huge business opportunities in the plastic packaging machinery market of Vietnam.
     The problem of product packaging has always been a problem that Vietnamese enterprises attach importance to, and the plastic packaging enterprises in Vietnam also emerge as the times require. The plastic packaging equipment of these enterprises mainly comes from China, Japan, South Korea, Germany and Taiwan of China. They have been able to produce plastic, rubber, aluminum foil, loose paper and other packaging materials with good quality and various styles. At present, it has the ability to produce Kraft web, three to five layer cardboard barrels, various nylon packaging materials: PE, PP, HDPE, agricultural PE film, plastic hoop rope, various composite plastic packaging materials, various specifications of canned fruits and vegetables, canned fruit juice, canned aquatic products, canned milk powder, canned coffee and other food, etc. These packaging enterprises have been able to serve various domestic packaging businesses, such as grain, food, cosmetics, agricultural and chemical raw materials, seafood, textiles, pharmaceuticals, beverages, washing powder, bath liquid, etc. Not only domestic enterprises in Vietnam, but also many foreign enterprises in Vietnam use packaging materials produced in Vietnam.
     With the rapid development of Vietnam's economy, packaging products and export products need to increase rapidly, and the demand for high-quality packaging is also expanding rapidly, which gives packaging equipment and packaging materials enterprises a good opportunity. At present, the production equipment and raw materials of Vietnamese packaging enterprises are basically imported from the West and Japan. However, Chinese products are characterized by short distance (resulting in low freight and fast delivery), low price, applicable technology (especially for non key printing enterprises in Vietnam), and easy training and repair. Therefore, Vietnam's packaging market is a good opportunity for Chinese packaging machinery enterprises. In order to expand the market share at home and abroad, Vietnam's plastic enterprises have increased investment and business scale. Due to the relatively backward development of Vietnam's industry, especially the machinery manufacturing industry, Vietnam needs to import a large number of plastic machinery and equipment, which also provides an opportunity for China's plastic machinery products to export to Vietnam.
     After years of development, China's plastic packaging machinery enterprises have a certain strength. Compared with the products of large international enterprises, China's plastic packaging machinery products have advantages in cost performance. China's product price is low, which can enter into the tolerance range of Vietnam enterprises in a wider range; Secondly, the establishment of China ASEAN Free Trade Area has reduced the tariff of Chinese products exported to Vietnam; In January 2007, Vietnam's accession to the WTO also provided business opportunities for China's plastic machinery exports to Vietnam. Among them, the export of plastic packaging equipment and machinery has become the top priority. In this "cold winter" of economic recession, it is undoubtedly lucky for Chinese plastic machinery enterprises to have such a good plastic packaging machinery market. Facing Vietnam, which is vigorously developing its own plastic packaging industry, China's plastic packaging machinery enterprises should seize the opportunity to expand their territory and firmly grasp the rising plastic packaging market!