Vietnam's Danang City approves RatiViet's US$10 million seafood plant

Hong Kong invested firm, RatiViet Co. Ltd got the green light Wednesday (December 2) to build a seafood processing plant with an investment of US$10 million in the industrial zone in central Danang city.

The company, an affiliated of Hong Kong-based Land Rock Management Limited, will build the plant in Danang seafood service industrial zone.

The plant, to operate within 50 years, will process around 6,000 tonnes of seafood annually.

So far this year, Danang has licensed an additional 21 FDI projects with total investment of more than US$161 million.