Foreign firms eye VN plasticsThe massive increase in the number of M&A deals involving foreign investors is putting pressure on Viet Nam’s plastics industry. According to the Viet Nam Plastics Association, in 2017, the total value of plastics exports in Viet Nam reached over $3 billion, up 17.6 per cent over 2016. SCG Group also plans to invest up to US$6 billion to strengthen its position in the Vietnamese plastics industry from now until 2020. Ho Duc Lam, chairman of the Viet Nam Plastics Association (VPA), told Phap luat thanh pho Ho Chi Minh (HCM City Law) newspaper that Thailand is gradually penetrating the Vietnamese plastics market with professional distribution systems. In addition to Thai firms, Korean players are also eyeing the Vietnamese plastics market.