Press Releases
Vietnam’s Packaging Industry Further Expands and Driving the Needs for New Technology and Production Systems Deployment

Vietnam’s packaging industry continues to expand over the years, driven by the increased demand from food and beverage, pharmaceutical and healthcare sectors. In order to remain competitive, enterprises must evolve and embrace new trends and technologies that arise from consumer needs.

Ho Chi Minh City, 07 February 2017 – Vietnam’s gross domestic product (GDP) growth rate in 2016 fell slightly short of the set target at 6.21 per cent, showing a slight decrease of 0.5 per cent compared to the same period last year1. However, many economists are confident that the country’s economy will remain strong and that Vietnam will still rank among the fastest-growing economies in Asia.

Foreign Direct Investment (FDI) is still on track to set a record thanks to the appeal of lower-cost manufacturing operations, improvements in infrastructure and labor skills, plus the easing of business regulations. Vietnam has become a destination of choice for foreign investors, continuing to attract high value investment projects. Disbursement of FDI capital in 2016 was estimated at US$15.8 billion, a record high and up 9 per cent on a year-on-year basis2.

Economists say that 2017 is expected to be an auspicious year for Vietnam’s economy as the nation further develops, with GDP growth projected by the Asian Development Bank ADB to be around 6.5 per cent3.

Vietnam’s packaging industry: New opportunities and challenges ahead

The growth of the packaging industry is being driven by a number of trends. An increase in living standards and personal disposable income is fuelling consumption across a broad range of product categories, with significant growth in the food and beverage industry. This in turn leads to the rise in demand for new packaging solutions and products. BMI Research report that the food processing industry in Vietnam is projected to grow by 10.2 per cent in 2016, while the beverage industry has a potential growth rate of 6 per cent on average per annum, surpassing many other countries in Asia.

The future of Vietnam’s processing and packaging industry, however, will have to confront continuous challenges. The packaging trends are in constant fluctuation, and it has become too easy to produce packaging designs that quickly becomes obsolete or outdated. In addition, the rising affluence and environmental awareness amongst consumers is driving the need for high quality and environmentally friendly packaged products. Therefore, in order to keep up with the ever-changing packaging industry landscape, investing in flexible product design and manufacturing systems becomes a strategic advantage.

ProPak Vietnam 2017 - Timely return to serve the local packaging industry

With sustained industry growth offering many opportunities, the industry leading trade event ProPak Vietnam makes a timely return for its 12th edition from 21 to 23 March 2017 at Saigon Exhibition & Convention Center (SECC): bigger and better than ever.

Consistently attracting robust international participation, this three-day trade event is poised to feature more than 380 exhibitors from 28 different countries and regions. And this figure is likely to continue to increase by the show date. Notable among the participating countries are the major 1st world economies such as Australia, Spain, USA; EU member countries such as Germany, France, Italy; and other developed Asian nations like China, Korea, Japan.

A vast array of top-of-the-range machinery, equipment and solutions will be showcased in a fully sold out exhibition hall totaling ​​8,800 square meters, making ProPak Vietnam the largest trade exhibition for Vietnam’s lucrative processing and packaging industries. The 12th edition continues to gather innovation and technology leaders from the world’s most reputable companies, namely ABC Compressors, Altech, Bericap, Bosch, Fuji, Hseng Tex, Ishida, New Diamond, Phu Loc, Rieckermann, Song Song, Teampack, Uchida, Woojin, VMS, and many more.

In addition to the presence of returning country groups such as Germany, China, Korea, Japan, Singapore amongst others, this edition of ProPak Vietnam welcomes new groups from Denmark and Italy. ACIMGA - the Italian machine manufacturers’ Association will be showcasing the Printech pavilion with products and technologies dedicated to the converting, package printing and labeling sectors.

“A single visit to Printech and ProPak enables end users/visitors to satisfy their business needs and expand their horizons to embrace the total perspective of the entire supply chain, gaining valuable information and insights in terms of organization and strategy”, said ACIMGA in their recent press release.

- Ends-

 

1http://vietnambiz.vn/gdp-ca-nam-tang-621-khong-dat-muc-tieu-11187.html

2http://dantri.com.vn/kinh-doanh/thu-nhap-binh-quan-cua-nguoi-viet-dat-gan-50-trieu-dong-nam-20161228114652482.htm

3http://www.kinhtedothi.vn/nhung-du-bao-kinh-te-viet-nam-nam-2017-276980.html

 

Additional Information:

 

ProPak Vietnam 2017 at a glance:

 

Exhibition:

ProPak Vietnam 2017

Venue:

Saigon Exhibition and Convention Center (SECC)

Address:

799 Nguyen Van Linh Parkway, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Date:

21 - 23 March 2017 (Tuesday – Thursday)

Time:

09:00hrs – 17:00hrs

Registration:

www.propakvietnam.com

 

About ProPak Vietnam:

 

ProPak Vietnam is the premier sourcing and networking trade event for food, drink and pharmaceutical processing and packaging technology in Vietnam and Indochina. Since its inception in 2003, ProPak Vietnam has grown steadily in stature and prestige to become the valuable and opportune industry hub which helps evolve and improve the processing and packaging sectors. Back for the 11th edition with the strong government support, the show brings together a diverse selection of local and international exhibitors from across the supply chain, with the wide showcase of the latest machinery and cost-effective solutions all under one roof.

 

ProPak Vietnam is organised by Vietnam Exhibition Services SES and locally supported by VCCI Exhibition Service Co Ltd. For more information about the events, please visit:  www.propakvietnam.com

 

Media Contact:

 

Joey Tran (Ms.)                                                                                             

PR & Conference Executive

Vietnam Exhibition Services SES

Tel: (+84) 8 3930 7618 (Ext: 108)

Email: joeytran@vietallworld.com

PROPAK VIETNAM 2017 - QUICK FACTS
8800 Sqm/Exhibition Area  401 Exhibitors| From 21 countries / regions 7972 Trade Visitors| From 29 countries/ regions 11 International Group Pavilions