PAPER CHEM TECH VIETNAM 2012 is a major event for the pulp and paper companies all over the world. It is all about interacting with the industry and taking orders for the participants. It is a great chance to establish new contacts and renew existing relationships for exhibitors and it is also a precious opportunity to learn the latest market for the visitors. It is a family reunion for all the people concerned in the paper industry.

Booming Market
Vietnam is one of the favorite destinations in Asia for foreign investments since its World Trade Organization (WTO) membership took effect from January 2007. It will be the new engine to power South East Asia economy.
Touted as fast becoming the new China, Vietnam, this new tiger's economy grew by more than 8% last year and Industrial production increased by 14% per year. Since 2001, Vietnam has been enjoying more than 7% economic growth annually whilst its per capita income is up to 1,160 USD in 2010. As it is, foreign direct investment covers 25.8% of total social investment and contributes approx 42% of GDP (State investment 38.1%, Private sector investment 36.1%). Export volume in 2010 increased by 25.5 % compares to the year 2009 (with total revenue: 71.6 Bill USD), with 33.9 Bill USD from Foreign Investment Area, making it the highest among countries in the Asia region, including China.

Strong Growth
South East Asia is expected to become the fastest growing market for Paper in the next 10 years. Paper demand & consumption are rising in Vietnam to supply domestic needs of 84 million people. In 2009, total capacity of paper was 1.8 million tones, increased by 30% from year 2008. It could be seen average annual growth rate of 13-15% in the paper demand and capacity.

Great Demand
The country currently has 300 paper mills but most are small and medium size, using antiquated technology. Outside investment is needed to update existing equipment and to build both new pulp and paper mills. At present, there is a re-constructing activity in the industry, mostly by replacing old equipments with the new better ones, which have much higher capacity. Some investments have already been made. The 2 new projects of SCG Paper (Thailand) and Pulppy Corelex have celebrated the grand opening at the beginning of 2010. They could be the models for the local investors for the coming investments.