Make A Spurt Of Progress! The Average Growth Rate Of Vietnam's Packaging Industry Is 15% -20%

According to the data released by the General Administration of Statistics of Vietnam, the average growth rate of Vietnam's packaging industry is currently about 15% -20%. In 2023, the total output value of Vietnam's packaging industry reached about 800 million US dollars, a year-on-year increase of about 17%. The size of the Vietnamese paper packaging market is expected to reach 4.14 billion US dollars by 2029, with a compound annual growth rate of 9.73% during the forecast period (2024-2029).
The packaging industry in Vietnam has also attracted numerous overseas investors, such as Swedish company Tetra Pak, Japanese companies Bandai Namco and Marubeni, Malaysian company Box Pak, as well as well-known companies such as Zhenglong, Junsi, Hongxing, Yatuosi, Yutong, Hexing, and Meiyingsen.
Based on multidimensional evaluations such as financial performance and social contribution, Vietnam Report has released a list of leading companies in the packaging industry in Vietnam

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Top 10 Packaging Enterprises in 2023- Paper Industry Group Data Source: Vietnam Report

Company Name Tetra Pak Vietnam Dong Hai Ben Tre Joint Stock Company Vietnam Hung Packaging Company Limited Goldsun Printing and Packaging Joint Stock Company Bien Hoa Packaging JSC Agricultural Printing and Packaging Joint Stock Company Liksin Industry Printing Packaging Corporation Phuc Hao Producing And Trading Company Limited Đô ng Á JSC (East Asia Corporation Limited) Jade Leaf Packaging (Ng ọ c Di ệ p Packaging)	business information Aseptic paper box packaging manufacturing, invested in building a factory in 2019 with an annual production capacity of 20 billion packaging boxes, supplied locally and exported to ASEAN and Australia New Zealand regions. Kraft paper, packaging paper; Industrial paper (sofa paper, double-sided paper, fortress paper, ivory paper, Bristol paper, etc.); Paper paper products; Packaging - cardboard box, paperboard PP corrugated plastic - sheet, boxed; Industrial plastic products (dustbins, trays, Flat noodles, baskets,...); Plastic tray; PVC board, PVC panel, PVC sheet Paper packaging - paper bags, paper boxes; Corrugated box; Non corrugated cardboard boxes; Rigid boxes can provide integrated printing and packaging services for various products Our main products are paper packaging, including corrugated cardboard boxes and color printed cardboard boxes. Serve the fields of cosmetics, food, beverages, etc. Our clients include multinational corporations such as Unilever and Nestle. Packaging - Design and Printing \| Label Printing Packaging - Manufacturers and suppliers; Packaging - Multi layer packaging; Packaging - Paper; The main markets for label printing are Vietnam, the United States, the Netherlands, Japan, and South Korea Cardboard \| Suitcase \| Convenience Food \| Packaging - Cardboard. The main markets for cardboard are in Vietnam, Singapore, and Australia Producing multi-layer corrugated cardboard and cardboard boxes, widely used in industries such as food and wood products. Focusing on corrugated cardboard boxes and paper packaging, emphasizing the use of recyclable materials. The northern factory produces over 200 million packaging products annually, which are marketed nationwide and exported to Europe, America, and other regions.

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Top 10 Packaging Enterprises in 2023- Plastic Industry Group Data Source: Vietnam Report
The packaging industry in Vietnam is mainly concentrated in the two major economic centers of Ho Chi Minh City and Hanoi, as well as surrounding provinces and cities such as Dong Nai, Xing'an, and Beining, which facilitate timely supply of huge industrial and consumer packaging demand.
Like China, Vietnam is also an export-oriented economy. The United States, Japan, South Korea, Germany, the United Kingdom, the Netherlands, Australia, and Cambodia account for 75.5% of Vietnam's packaging exports.

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Data source for packaging export value from January 2022 to June 2023: International Monetary Fund Trade Map
Currently, Vietnam has signed 19 bilateral and multilateral free trade agreements with most economies in the world, of which 16 free trade agreements with over 60 partners have already come into effect. Most of the aforementioned countries have joined at least one free trade agreement in which Vietnam is a member. The import tax rate for packaging products in the above-mentioned markets is mostly 0.0%, and a few products still need to be taxed, but not exceeding 5.0%.
According to the Vietnamese government's estimation, by 2025, more than half of the 100.3 million Vietnamese people will participate in online shopping. According to statistics, in 2023, Vietnamese e-commerce used a total of 170000 tons of various packaging and plastic materials. The estimated size of Vietnam's e-commerce market in 2024 is $14.7 billion, and it is expected to reach $23.77 billion by 2029, with a compound annual growth rate of 10.09%.