• By info@vnplastic.vn
• 01/10/2025
• 0 Comments

This is a product that Vietnam has already exported to more than 160 countries and territories worldwide.

According to preliminary statistics from the General Department of Customs, Vietnam imported over 817,000 tons of plastics and raw materials (polymers) in June, valued at more than USD 1.05 billion — up 2.1% in volume but down 1.2% in value compared to May. Cumulatively, in the first half of 2025, imports reached more than 4.7 million tons worth over USD 6.2 billion, representing a sharp increase of 19.1% in volume and 12.8% in value compared to the same period in 2024.

By market, China remains Vietnam’s largest supplier of raw plastics, with over 1.3 million tons valued at more than USD 1.8 billion, up 35% in volume and 26% in value year-on-year. The average import price was USD 1,402/ton, down 6%.

South Korea ranked second, supplying over 763,000 tons worth more than USD 1.07 billion, down 6% in volume and 4% in value compared to the same period last year. The average price increased 2% to USD 1,406/ton.

The U.S. was the third-largest supplier, with more than 494,000 tons valued at over USD 556 million — soaring 70% in volume and 48% in value year-on-year. The average price was USD 1,127/ton, down 13%.

Vietnam can produce raw materials such as PVC, PP, PET, PS, and PE, with a total capacity of nearly 3 million tons per year. Domestic supply can only meet about 30% of local demand, while the remaining 70% is imported from countries such as Saudi Arabia, South Korea, Thailand, Japan, the U.S., China, Taiwan (China), Malaysia, and Singapore.

In terms of import tariffs, raw plastics such as PE and PP imported from China into Vietnam are exempted (0%) if accompanied by a Certificate of Origin (C/O form E) under the ACFTA agreement. Without C/O, MFN rates of around 3–5% apply. In addition, these plastics remain subject to 10% VAT upon import.

For the U.S. — one of Vietnam’s key suppliers of plastic materials — the two countries have yet to sign a bilateral free trade agreement. As such, imports from the U.S. are subject to preferential import tariffs, at around 5% for products like Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), and Polyvinyl Chloride (PVC).

From 2011 to 2023, Vietnam’s raw plastic exports grew sharply from USD 163 million to USD 1.53 billion, primarily in PE, PP, and PVC resins. The Vietnamese plastics market is projected to reach about 10.9 million tons in 2024 and rise to 16.4 million tons by 2029, with a CAGR of around 8.44%.

Currently, Vietnamese plastic products are exported to more than 160 countries, including demanding markets such as the U.S., Japan, Australia, and European countries like Germany, France, the U.K., Italy, the Netherlands, and Spain. Vietnam’s plastics industry now comprises nearly 4,000 enterprises, of which 90% are small and medium-sized, concentrated mainly in the southern region.