The country’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 production enterprises with total capacity of 2.075 million tons of paper and 437,600 tons of paper pulp a year. But the volume is equal to only 21% of designed capacity of factories.
The paper industry seriously is in short of materials but in surplus of material timber for exports. Reportedly, Vietnam currently ranks the largest second in the world in terms of exporting timber shavings for 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 Vietnam paper industry till 2020 and vision to 2025. The draft will continue boosting the development of paper sector and increase Vietnam’s competitive strength in the region and international markets.