March 22, 2010

Vietnamese authorities approve US$12.5 million seafood plant

Authorities in the Vietnam Mekong Delta province of Vinh Long has licensed My Thuan Basafish Co. Ltd to build a seafood plant with total investment of VND238 billion (US$12.5 million) in Tan Hoi commune, Vinh Long City.

The plant to cover 15,000 square metres will come into operation in July this year, according to reports.

Meanwhile, farmers in Vinh Long province harvested 20,755 tonnes of aquatic products in the first two months of 2010, up 45.14% from a year earlier.