Strong inflows of foreign direct investment (FDI) into Vietnam are creating powerful momentum across supporting industries. This trend presents both opportunities and challenges, pushing domestic enterprises to increase localization rates and to meet increasingly demanding quality standards. As a critical link in the supply chain, the plastics industry is entering a pivotal moment for transformation.
Vast room for expansion
Plastics manufacturing serves a wide range of sectors, from packaging and electronic components to automobiles, construction, healthcare, textiles, and consumer goods, thanks to its design flexibility and capacity to reduce costs and product weight.
However, according to the Ministry of Industry and Trade, Vietnam’s localization rate across supporting industries remains around 35 per cent, well below the target of 45–50 per cent by 2030. At the same time, domestic demand and opportunities linked to global supply chain shifts are widening the market gap. While some Vietnamese companies have mastered the production of complex components and high-tech plastic products, their numbers remain modest relative to market demand. Technology limitations, heavy dependence on imported raw materials - up to 70 per cent - rising competition, and increasingly strict green standards are forcing plastics producers to accelerate their transformation.
“To participate in the global supply chain and provide components for FDI enterprises in Vietnam, we must comprehensively upgrade, from technology application and production line modernization to human resource development and smart financial management, all toward sustainable growth. At the initial stage, enterprises require significant upfront capital,” said Mr. Le Van Thanh, Chief Accountant of a plastics component manufacturer supplying the healthcare sector in southern Dong Nai province.
Mr. Nguyen Van Hung, Director of a plastics company supplying components to FDI factories and exporting to the EU, added: “Vietnam is opening significant opportunities in the global supply chain, but capital pressure remains heavy. Imported raw material prices fluctuate with oil prices and exchange rates, while cash flow is often ‘locked’ due to long payment cycles. On top of that, green standards from the US and EU require sizable investment in new technologies and processes. What we need is not only capital, but a financial partner who understands the industry and can accompany us through this transformation.”
Financial leverage
With a deep understanding of the plastics industry, ACB has developed a full-cycle financial solutions ecosystem to help enterprises proactively manage resources, maintain stable production, and strengthen their global integration capabilities.
Regarding specialized solutions for plastics producers, a representative of ACB’s Corporate Banking Division said: “We provide flexible working capital loans including unsecured facilities or options requiring as little as 30 per cent collateral. At the same time, we offer medium- and long-term financing to support investment in 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, help ensure delivery schedules and enhance credibility.”
ACB’s financial services ecosystem also helps plastics enterprises optimize daily transactions. For companies with frequent foreign-currency payments, ACB offers FX rate lock-ins of up to 48 hours, reduced or waived international transfer fees, and fast processing through electronic documentation. Enterprises can also ease financial pressure through exchange-rate and interest-rate hedging tools linked to market movements.
For FDI enterprises, ACB provides preferential credit packages with competitive interest rates, tailored to each stage of development, from initial factory construction to medium- and long-term expansion and working capital needs. The bank also offers trade and export financing solutions that help enterprises maximize tariff advantages under CPTPP, EVFTA, and RCEP, supporting market expansion and reducing capital costs. In addition, ACB delivers multi-account liquidity management solutions to optimize global cash flows and mitigate foreign exchange risks, a model well suited to cross-border supply chains that enables enterprises to operate transparently, control import costs, and standardize their financial processes.
Plastics manufacturing also faces mounting pressure related to recycling obligations and green production standards. To support compliance, ACB has launched a green credit package of up to VND5,000 billion ($192 million) to help enterprises invest in energy-efficient machinery, recycling systems, and emission-reduction technologies that meet ESG requirements and the expectations of global partners.
By positioning itself as a bridge between rising FDI inflows and the upgrading of domestic suppliers, ACB aims to play a meaningful role in Vietnam’s long-term economic development.
For more information on financial solutions for plastics enterprises, please visit ACB branches and transaction offices nationwide or contact the 24/7 contact center at +84 28 38 247 247.
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