Packaging firms concerned about new import tariffVietNamNet Bridge - Managers of nearly 1,000 plastics packaging companies are now faced with a new import tariff on PP beads, the major input material. With the high growth rate of 15-20 percent, the Vietnamese packaging market is very attractive to investors. The import tariff of 3 percent has been applied to import consignments from early January 2017. Thien Viet Securities’ analysts noted that Vietnamese plastics companies have relatively high proportion of short-term loans, about 70 percent, which means a rather low quick payment ratio. The good news for packaging enterprises in 2017 is the nearly equal price of the euro and dollar, which means imports from Europe would be cheaper.

Source: VietNamNet News March 25, 2017 01:52 UTC