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Weak construction activities have caused a decrease in demand for plastics, impacting business results, but expectations of improvement arise as state capital divestment boosts share prices.
The plastic industry is currently experiencing a decline in revenue, but there are notable differences in profit performance among enterprises.
A.J. Plast (Vietnam) Co., Ltd. opened its biaxially oriented plastic film production plant in Binh Duong province on October 24.
Binh Minh Plastics JSC, a subsidiary of Nawaplastic Industries which is a member of Thailand’s Siam Cement Group (SCG), will pay over VND8.6 billion ($352,800) in fines and tax arrears per a decision by the General Department of Taxation.
Besides the listed FDI enterprises doing business with profit, there are names that have been delisted due to losses.