Robust foreign direct investment (FDI) inflows into Vietnam are fueling significant growth across supporting industries, presenting both opportunities and challenges. This surge is prompting domestic enterprises to enhance localization rates and meet increasingly stringent quality standards. As a vital component of the supply chain, the plastics industry stands at a critical juncture for transformation.
Expansive Growth Potential
Plastics manufacturing serves a diverse array of sectors—from packaging and electronics to automotive, construction, healthcare, textiles, and consumer goods—owing to its design versatility and cost-efficiency. Its ability to reduce product weight further amplifies its value across industries.
However, Vietnam’s localization rate in supporting industries hovers around 35%, falling short of the 45–50% target by 2030, according to the Ministry of Industry and Trade. Meanwhile, domestic demand and shifts in the global supply chain are widening market gaps. While some Vietnamese firms have mastered the production of advanced plastic components, their numbers remain insufficient to meet market needs. Technological constraints, heavy reliance on imported raw materials (up to 70%), intensifying competition, and stringent green standards are compelling plastics producers to accelerate transformation.
“To integrate into the global supply chain and supply components to FDI enterprises in Vietnam, we must undertake comprehensive upgrades—from technology adoption and production line modernization to workforce development and smart financial management—all aimed at sustainable growth. At the outset, significant capital investment is essential,” stated Mr. Le Van Thanh, Chief Accountant of a plastics component manufacturer serving the healthcare sector in Dong Nai province.
Mr. Nguyen Van Hung, Director of a plastics company supplying components to FDI factories and exporting to the EU, added: “Vietnam’s integration into the global supply chain presents immense opportunities, but capital constraints persist. Fluctuations in raw material prices, tied to oil prices and exchange rates, coupled with long payment cycles, strain cash flow. Additionally, green standards from the US and EU necessitate substantial investment in new technologies and processes. We need more than just capital—we need a financial partner who understands our industry and can support us through this transformation.”
Strategic Financial Support
With a profound understanding of the plastics industry, ACB has developed a comprehensive financial solutions ecosystem to help enterprises manage resources effectively, maintain stable production, and strengthen global integration capabilities.
Regarding tailored solutions for plastics producers, an ACB Corporate Banking Division representative noted: “We offer flexible working capital loans, including unsecured options or those requiring as little as 30% collateral. Additionally, we provide medium- and long-term financing to support machinery upgrades and production expansion. For export-oriented enterprises, our trade finance solutions—such as expedited L/C issuance, pre-payment against export documents, contract guarantees, and payment guarantees—ensure timely deliveries and enhance credibility.”
ACB’s financial ecosystem also optimizes daily transactions for plastics enterprises. For those with frequent foreign-currency payments, ACB offers FX rate lock-ins of up to 48 hours, reduced or waived international transfer fees, and swift processing via electronic documentation. Enterprises can further mitigate financial risks through exchange-rate and interest-rate hedging tools linked to market dynamics.
For FDI enterprises, ACB provides preferential credit packages with competitive interest rates, tailored to each development stage—from initial factory construction to medium- and long-term expansion and working capital needs. The bank’s trade and export financing solutions help maximize tariff benefits under CPTPP, EVFTA, and RCEP, supporting market expansion and reducing capital costs. Additionally, ACB’s multi-account liquidity management solutions optimize global cash flows and mitigate foreign exchange risks, ideal for cross-border supply chains. This model enables transparent operations, import cost control, and standardized financial processes.
Amid growing pressure to meet recycling obligations and green production standards, ACB has launched a green credit package of up to VND5,000 billion ($192 million). This initiative supports investments in energy-efficient machinery, recycling systems, and emission-reduction technologies, aligning with ESG requirements and global partner expectations.
By bridging the gap between rising FDI inflows and the upgrading of domestic suppliers, ACB aims to play a pivotal role in Vietnam’s long-term economic development.
For more information on financial solutions for plastics enterprises, visit ACB branches nationwide or contact the 24/7 support center at +84 28 38 247 247.
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