Hanoi, Aug. 12 -- Amid global economic and trade volatility, diversifying sources of imported raw materials for domestic production is essential to ensuring more balanced and sustainable import - export growth. According to the Ministry of Industry and Trade's Industry Agency, plastics is a fast-growing industries but remains primarily a technical processing sectors. The industry depends heavily on imports, with 70% of input materials hailing from abroad, as domestic sources can supply only about 1 million tonnes annually. Shortages of recycled plastic particles and an underdeveloped supporting industry further limit capacity. Meanwhile, material costs form the largest component of production expenses. As a result, enterprises are forced ...
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