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February 6, 2015

Vietnam

Minh Phu Plans to Export a Billion Dollars Worth of Shrimp in 2015

 

In 2015, according to Mr. Le Van Quang, Chairman of Minh Phu Seafood Company, his company plans to export 60,000 metric tons of shrimp, valued at around $1 billion.  It expects net profits of $65 million, up 55% over 2014.  In the next five years, Minh Phu’s revenues and profits are forecast to increase at an annual rate of 15-20%.  Minh Phu also plans to build a new processing plant and expand its investments abroad.

 

Source: Vietnam Association of Seafood Exporters and Producers (VASEP) Website.  Minh Phu Corp Aims to Earn US$ 1 Billion From Exports.  Ms Nguyen Bich, Shrimp Market Specialist (email bichnt@gmail.com).  February 5, 2015.

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