Paper Production, Consumption Rising in Vietnam
May 26, 2009 - Paper production and consumption in Vietnam this year is predicted to higher than last year, despite the economic slowdown, according to the Viet Nam Paper and Pulp Association (VPPA).
The Association said production is up about 12 percent, while consumption has increased 2 percent.
VPPA general secretary Vu Ngoc Bao said demand for many paper grades, including newsprint, writing paper, packing paper and tissue in the second quarter of 2009 increased by 10 to 23 percent compared to the same period last year.
Vietnam in April consumed 80,000 tonnes of paper, up 14 percent from March, VPPA said.
Total inventories decreased from 75,000 tonnes in March to just 43,000 tonnes in April.
To date, the industry has roughly 35,000 tonnes of paper stockpiled, which is considered healthy, VPPA added.
The Association forecast that paper demand would sharply rise this month as many consumers were awaiting the Vietnamese government’s move to halve VAT (consumption tax) on paper from May 1.
SOURCE: Vietnam News