OUTPUT AND EXPORTS ON THE RISE

According to taichinhchungkhoan.com, Vietnam’s plastics industry generated USD 25 billion in revenue in 2023, accounting for 6.7% of the country’s GDP. Exports of plastics and plastic products reached USD 6.73 billion in 2024—up 26.7% year-on-year—highlighting the industry’s strong potential and global appeal.

Production volume is projected to grow from 10.92 million tons in 2024 to 16.36 million tons by 2029, reflecting a compound annual growth rate (CAGR) of about 8.44%. This outlook signals a significant expansion of factories and production lines in the coming years. (taichinhchungkhoan.com)

INVESTMENT TRENDS: FROM PACKAGING TO BIOPLASTICS

Plastic packaging currently accounts for nearly 50% of total output and is expected to maintain a CAGR of around 6.8% thanks to booming e-commerce, F&B, and fast-moving consumer goods. (taichinhchungkhoan.com)

Engineering plastics—around 9% of market share—are poised for growth as FDI flows into electronics, automotive, and high-tech components.

Bioplastics, though still under 1% of the market, are projected to grow 13–18% annually, aligning with green initiatives and international EPR and ESG policies. (taichinhchungkhoan.com)

Pioneering companies such as An Phát Bioplastics, Stavian, and Duy Tân are investing heavily in bioplastics and recycling, expanding capacity to capture export opportunities in demanding markets. (taichinhchungkhoan.com)

OPPORTUNITIES AND CHALLENGES FOR VIETNAM’S PLASTICS INDUSTRY 2025

Key opportunities include:

• Rising global demand for engineering and eco-friendly bioplastics
• FDI inflows as multinational corporations shift production from China to Vietnam
• Government support for sustainable manufacturing, R&D, and single-use plastic reduction

Major challenges:

• Heavy dependence on imported raw materials, meeting up to 74% of domestic resin needs (taichinhchungkhoan.com)
• Limited technological capabilities among many small and medium-sized enterprises, making it difficult to meet international standards
• Low recycling rates with small-scale, inconsistent quality (taichinhchungkhoan.com)

GROWING NEED FOR INDUSTRIAL COOLING TECHNOLOGY

Alongside production expansion, the industry requires advanced support infrastructure. Industrial cooling systems (chillers) play a critical role in maintaining precise temperature control during injection, extrusion, film blowing, and pellet drying.

Accurate temperature management not only ensures product quality but also cuts energy consumption and operating costs—vital factors in global competitiveness.

Learn more: Cooling solution for the plastic industry: Optimal, efficient, cost-saving.

WHITE COOL DC INVERTER CHILLER SOLUTION

In this context, Minh Dũng introduces the White Cool DC Inverter Chiller, a cutting-edge cooling solution for plastic manufacturing plants:

• Outstanding energy savings: DC Inverter technology adjusts capacity to real-time load, reducing energy costs by 40–60%.
• High temperature stability: Ensures precise control for molds and pellets, minimizing product defects.
• Quiet, durable operation: Low vibration and noise, ideal for large-scale facilities.

Investing in the White Cool DC Inverter Chiller is not only a technical upgrade but also a strategic move to optimize costs and enhance production quality, empowering Vietnam’s plastics manufacturers to achieve high-value and sustainable growth.

Vietnam’s plastics industry stands at a breakthrough moment. Companies that swiftly capture market trends and invest in advanced production technology and auxiliary systems—such as DC Inverter chillers—will gain a significant advantage in competing globally.