April 24, 2007

Vietnam companies venture on seafood plant

Sao Ta Food Joint Stock Co (Fimex VN) and Bac Lieu Fishery have opened a joint seafood processing plant, according to the Vietnam Association of Seafood Exporters and Processors.

Company officials have set a revenue target of US$4 million a year and a profit target of 10 percent beginning in the second quarter of this year.