Strong growth of FDI capital, opportunity for Vietnam's plastics industry to transform

(Dan Tri) - Foreign capital flowing into Vietnam creates momentum for supporting industries, opening up opportunities, but also requires increasing the localization rate and quality standards. The plastics industry - an important link in the supply chain - is facing a breakthrough opportunity.

Vietnam's plastic industry: Huge room for growth

Plastic manufacturing, a supporting industry present in the fields of packaging, electronic components, automobiles, construction, healthcare , textiles or consumer goods… thanks to its flexibility in design, cost optimization and weight for finished products.

According to the Ministry of Industry and Trade , the localization rate of Vietnam's supporting industries is only about 35%, much lower than the target of 45-50% by 2030.

Meanwhile, domestic demand and opportunities from the trend of shifting global supply chains are opening up a large market gap. Although some Vietnamese enterprises have mastered the complex component manufacturing process and have high-tech plastic products, this number is still too small compared to the demand.

Limited technology, dependence on imported materials, high competitiveness and tightening green standards… all require plastic businesses to transform faster.

“To participate in the big playground and supply components for FDI enterprises investing in Vietnam, we need to upgrade comprehensively from applying technology, innovating production lines to improving human resources, smart financial management, aiming for sustainable development. Initially, the enterprise needs a lot of capital”, Mr. Le Van Thanh ( Dong Nai ), chief accountant of a business manufacturing plastic components for medical supply, emphasized.

Mr. Nguyen Van Hung, director of a plastics enterprise specializing in supplying components for FDI factories and exporting to the EU, commented: “Vietnam is opening up great opportunities in the global supply chain, but capital pressure is still very heavy. Imported raw materials fluctuate according to oil prices and exchange rates, while cash flow is 'stuck' due to long payment cycles. In addition, green standards from the US and EU markets force us to invest heavily in new technology and processes. What we need is not only capital, but also a financial partner who understands the industry to accompany us in the transformation process.”

Financial leverage helps plastic businesses enter the big playground

Understanding the operational characteristics of the plastics industry, ACB develops a full-cycle financial solution system, helping businesses proactively manage resources, maintain continuous production and improve integration capacity.

Regarding the specialized solution for plastics industry enterprises, the representative of ACB Corporate Banking Division said: “We provide flexible working capital supplementary loan packages, allowing enterprises to fully unsecure or only require a minimum of 30% collateral, and at the same time deploy medium and long-term capital financing for enterprises to invest in upgrading machinery, equipment and expanding production.

For export businesses, trade finance solutions such as issuing letters of credit with quick processing time, pre-financing of documents, contract guarantees and payment guarantees help ensure delivery progress and increase reputation.

ACB offers comprehensive solutions to help plastic businesses join the big playground (Photo: ACB).

ACB's financial services ecosystem helps plastic businesses optimize daily transactions. For businesses that regularly trade foreign currencies, ACB allows exchange rates to be maintained for up to 48 hours, exempts or reduces international money transfer fees, and supports fast transactions via electronic documents. At the same time, businesses also reduce financial pressure thanks to exchange rate and interest rate insurance tools, in line with foreign exchange market developments.

Particularly for FDI enterprises, ACB provides three groups of solutions.

Preferential loans with competitive interest rates are designed for each stage, from initial capital for factory construction to medium and long-term loans for production expansion and working capital supplementation.

Trade and export finance solutions, helping businesses take advantage of tariff advantages from CPTPP, EVFTA, RCEP agreements to expand markets and optimize capital costs.

Multi-account liquidity management solution, optimizing global cash flow and preventing exchange rate risks, suitable for the characteristics of cross-border supply chains, helping businesses operate transparently, control import costs and standardize financial processes.

Plastics manufacturing is also an industry under great pressure regarding recycling and green production standards. Therefore, ACB is simultaneously implementing a green credit package of up to VND5,000 billion to support businesses in investing in energy-saving machinery, recycling lines and emission reduction technology - meeting ESG standards and requirements from global partners.

With a connecting role and diverse financial solutions, one side welcomes FDI enterprises to Vietnam, the other side sponsors Vietnamese enterprises to integrate into the big playground, ACB hopes to contribute to promoting Vietnam's economic growth.

To learn more about financial solutions for plastic businesses, customers can refer here or visit the nearest ACB branches or transaction offices or contact: 028 38 247 247.

Source: https://dantri.com.vn/kinh-doanh/von-fdi-tang-truong-manh-thoi-co-de-nganh-nhua-viet-nam-chuyen-minh-20251128223640726.htm