October 17, 2003

 

 

Vietnam's Ho Chi Minh City Investment in New Fisheries Centre Costing $26m

 

Vietnam's Ho Chi Minh City will invest around VND400 billion (US$25.7 million) in a 71-hectare new fisheries center in outlying Nha Be district to serve the fisheries industry in the city and southern provinces, said the municipal Service of Agriculture and Rural Development's Deputy Director Le Thanh Liem.

 

The trading center will house a pier, wholesale and retail fish markets and a logistics area, and also have space for relocating fisheries processing factories in inner-city area that cause environmental pollution.

 

The Muong Chuoi Fisheries Center, located on a confluence of Xoai Rap and Muong Chuoi rivers, will be submitted to the city government for approval this month, added Liem.

 

The construction of the Fisheries Center is in accordance to a plan from the Fisheries Ministry to build a system of fishing ports nationwide from 1995, said Tran Phu Tung, head of the ministry's office in the city.

 

The planned center is bigger than the Can Gio Fisheries Trading Center, which was put into operation early last year. The two-hectare center capitalized at VND7 billion ($455,000) by Cholimex Co. mainly trades in shrimp for Can Gio district and nearby areas in Ho Chi Minh City and other provinces.

 

Ho Chi Minh City was the largest seafood center in Vietnam's south. It consumes about 300-400 tons of fisheries daily from neighboring provinces, with an average of 3,000 ships coming to buy shrimp and fish in the city each year.