Vietnamís Paper Industry Expects to Meet 70% of Domestic Demand by 2020

Jan. 3, 2012 - Vietnam's paper industry expects to meet 70% of the domestic consumption demand by 2020, the Dang Cong San Vietnam newspaper reported, citing the source from Ministry of Industry and Trade.

Vietnam now has 500 paper mills with a total production capacity of 2.075 million tons of paper and 437,600 tons of pulp per year. However, the volume is equal to only 21% of designed capacity of mills.

According to the newspaper report, Vietnam currently ranks second largest in the world in terms of exporting timber shavings for the paper industry. Last year the country exported 3 million tons of timber shavings.

The ministry is seeking opinion on the draft master plan on developing the country's paper industry till 2020 and vision to 2025, the newspaper said. The draft will continue boosting the development of paper sector and increase Vietnamís competitive strength in the region and international markets.

SOURCE: Vietnam Business News