Minh Phu Seafood Company Shrimp Processing Plant to Open in April

Vietnam-based Minh Phu Seafood Company has said that its $46.5m Minh Phu-Hau Giang shrimp processing plant is expected to be operational this April.

The plant will be able to process 40,000t of processed shrimp annually, deputy director Le Van Diep confirmed.

The company exported 1,662t of shrimp in 2010 and reached an export turnover of $19.8m, a year-on-year increase of 70.16% in volume and 106.23% in value.