Local paper firms face losing out to foreign businessesA capital shortage for local paper manufacturers could make them lose out to foreign direct investment (FDI) enterprises in their own country, according to experts. Capital shortage has been a headache for local paper manufacturersCurrently, paper demand in the world in general and China in particular is huge. However, domestic paper firms have not fully taken the opportunities as most of the Chinese market share belongs to FDI companies. In May 2018, Tan Mai Group in Dong Nai province began developing new pulp and paper plants, including the Tan Mai – Kon Tum Pulp & Paper Plant, worth 1.3 trillion VND. Instead, local paper manufacturers should restructure and build large and modern factories to compete with FDI firms, he said.
