Tpc Vina Plastic And Chemical Corporation Limited. (Vietnam)

The subject is considered as a subsidiary of Thai Plastic and Chemicals Public Company Limited. The company focuses on producing and trading PVC suspension resin. The company is known as one of the largest PVC resin manufacturers in Vietnam. Besides domestic market, the subject also exports finished products to China, Cambodia, India for consumption.According to Mr. Ho Duc Lam - Chairman of Vietnam Plastics Association, Vietnam's plastic industry has nearly 4,000 businesses across the country. Most of which are small and medium-sized enterprises, accounting for 90%. The plastic industry has strongly developed in many years with an average growth rate of 10%-12% per year. However, the growth rate of Vietnam's plastic industry has shown signs of slowing down from the beginning of 2023 because of the worldwide economic recession and the persistent impact of Covid-19 pandemic in many regions. The excessive dependence on imported raw materials for production in the context of volatile macro-economic factors is a big challenge for plastic enterprises to control production costs effectively. As a part of the supply chain, the subject's business performance could be affected under unfavorable market conditions.