WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / Opportunities
Turkey offers opportunities for Vietnamese plastic exporters
Vns/Hanoitimes 14:02, 2015/01/06
There remains untapped potential for Vietnamese plastic exporters in Turkey due to the high demand for plastic materials needed by a wide range of sectors.
According to the Import-Export Department under the Ministry of Industry and Trade, Turkey has imported more than US$10 billion worth of plastic materials annually. This is because its plastic material production only meets 15% – 20% of the amount required by its market and foreign importers. The sectors with high demand for plastic materials include construction, automobiles, packaging and household goods production.

Turkey currently purchases plastic materials from more than 100 countries and territories around the world. Of the total amount purchased by the country, 63% comes from Saudi Arabia, Germany, Belgium and the Netherlands, as well as the Republic of Korea, Spain and Italy.


The department noted that Vietnam is also one of Turkey's plastic material providers. However, Vietnamese exports accounted for a modest 0.1% of the total import turnover of the product.

The department suggested that Vietnamese firms increase their market research and trade promotion as well as seek new Turkish trade partners to accelerate exports to this lucrative market.

After posting a positive export turnover of US$20.7 million in 2013, Vietnam's shipments of plastic materials to Turkey reached only US$6 million over the past 10 months of this year, showing a 43% decline year-on-year.
Other news
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.
17:25, 2024/11/07
Prime Minister calls on China to pilot border economic cooperation zone
This economic cooperation zone is an initiative proposed by China and has been under negotiation with several countries, including Vietnam, since 2007.
17:29, 2024/07/23
State-owned corporations set to pilot offshore wind power projects
Private and foreign investors are currently not being considered for pilot projects due to unresolved legal and security issues.
06:12, 2024/07/17
AIIB ready to fund Hanoi’s urban railway projects
Hanoi expects the AIIB to assist with planning, implementation methods, and financing strategies to rapidly deploy metro projects.
15:33, 2024/07/02
S.Korea’s industrial conglomerates to expand investment activities in Vietnam
Prime Minister Pham Minh Chinh welcomed the proposals, which are consistent with Vietnam’s green growth strategy.
11:29, 2024/05/08
Intel boosts Vietnam’s semiconductor workforce for ambitious goals
Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.