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RePlastic exports to surpass US$2 billion in 2013venue from plastic exports is expected to rise by 11-13.5 percent to hit US$2 billion in 2013, according to the Vietnam Plastics Association (VPA).

Its export earnings in 2012 reached US$1.98 billion, an increase of 42.2 percent over 2011. Of the figures, plastic products accounted for US$1.58 billion and plastic materials for US$397 million.

Japan has been Vietnam’s largest market for plastic goods over five successive years with the highest export growth in 2012 (up 24 percent on a year earlier), accounting for 22.6 percent of plastic export turnover.

The country’s plastic sector strives to become an advanced industry, producing highly competitive and environmentally friendly products of various types to meet the demand of domestic market and increase the quantity of value added goods for exports.

By 2020, the industry plans to shift its structure to reduce the production of plastics for households and packaging and increase those for building materials and technology.

(VOV)

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