January 16, 2012

MPC to invest US$11.9 million into new unit

An investment of VND250 billion (US$11.9 million) in setting up a new wholly-owned unit has been approved by Vietnam's MPC.

The new firm namely Minh Phu Hoa Seafood Co. will specialise in aquaculture, local financial website reported January 13.

MPC raked in US$334.39 million from abroad shipments last year, soaring 35% from a year earlier. It exported over 27,178 tonnes of shrimp during the period, up 17.6% on year.