When most countries are contracting in this recession Vietnam has paper guys looking with envy.
Its paper production will go up by 12% while consumption by 2%, according to Vietnam Pulp And Paper Association. Thanks in part ,to tax extensions and import tax cuts.
The paper demand shot up in the January to March period this year in Indonesia. Indonesia recorded a robust increase of 10.16% in 2009 first quarter as opposed to the same quarter the previous year. To some extent this rise is due to the recent general elections.
But there is more than meets the eye. In the same period the raw timber supplied to the printing and paper industry has actually declined by 16%. Greenomics a non -governmental organisation focussing on the mining and the forestry industry has asked the government to look into this anomaly.
Incidentally Indonesia is the eleventh largest paper producer and ninth largest pulp producer in the world.
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