Paper Title
An Application of Grey Forecasting Model in Vietnam Packaging Industry

Abstract
Nowadays, Vietnamese label and packaging is considered as one of the fastest growing industries, especially when the domestic goods production demand for local market and export is increasing strongly, leading to a tremendous need of packaging developed. However, due to the global outbreak COVID-19, packaging industry as well as most of other industries, are influenced negatively by the pandemic. To survive and continue to develop sustainability, packaging enterprises need to make certain effort. With this scenario, forecasting the financial implementation plays an essential role to help companies predict and identify suitable strategy to strengthen their advantages, limit the shortcoming to overcome the crisis. By applying Grey forecasting model, this research aims to predict financial performance of 6 packaging companies in Vietnam for the next 5 quarters period (Q4-2020 to Q4-2021), based on their financial report from Q1-2019 to Q3-2020. Keywords - Grey, GM (1,1), Grey Forecasting Model, Packaging Industry