Foreign investors turn to M&A to increase SOE holdingsForeign investors at state-owned firms are looking to increase their holdings via M&A deals to solidify their footholds in Vietnam. After receiving dividend via stocks, the Thai firm currently holds 21.27 million shares in NTP. Additionally, after being paid dividend via stocks, the Thai firm currently holds 16.7 million BMP shares, equaling 20.4 per cent of the stakes. After SCIC issued the plan to divest from BMP, Nawaplastic decided to drop Tien Phong Plastic to increasing its holding in BMP. Despite being one of the largest plastic manufacturers in Vietnam, BMP recently lost market share to foreign and domestic competition.