August 24, 2009

Vietnam's Minh Phu Seafood tops shrimp exports

Vietnam's Minh Phu Seafood Joint Stock Company (MPC) has maintained the position of the country's biggest shrimp exporter with 6,000 tonnes shipped abroad so far this year, valued at US$70 million, citing the state-run General Customs Department on Friday (Aug 21).

Of the value, MPC earned US$32.15 million from shrimp export to the US, followed by South Korea with US$6.75 million, Canada with US$6.5 million and Japan with US$5.42 million, the department said.

In the first six months this year, the Ca Mau province-based seafood producer made a net profit of VND92.8 billion (US$5.21 million), compared with a loss of VND119.638 billion a year ago.

This year, MPC targets a net revenue and pretax profit at VND3.170 trillion and VND236 billion, respectively.

US$1 = VND17,815 (Aug 24)