Yogi Malik, Asia Correspondent09.21.20
Vietnam has registered one of the fastest economic growths in the South East Asia region. Rapid economic expansion and increased consumption have come as a boon to domestic ink producing companies. It is no surprise that the Vietnamese ink industry has registered one of the healthiest growths among the South East Asian countries in recent years.
Overview of the Vietnamese ink industry
Catered by half a dozen multinational ink producers and a score of domestic ink producers, Vietnam’s ink industry has registered high single-digit growths during the last five years.
While consumption of offset inks is in decline in developed countries, production and consumption of offset ink in Vietnam are growing, although by low percentage points. However, slow demand in the consumption of offset inks is offset by growth in the production and consumption of gravure and flexo inks used for packaging of foods, metal and plastic containers.
According to various estimates, there are more than 2,
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