December 18, 2009


Vietnam's Minh Phu Seafood 2009 shrimp exports to earn US$160 million


Minh Phu Seafood Corporation or MPC is expecting to reach US$160 million in shrimp export earnings this year, equal to previous year's value despite a rise of 20% in volume, according to Vietnam daily Tuoi Tre.


MPC's General Director Le Van Quang said the global economic downturn causing shrimp price to decrease is the major reason for the company's revenue drop.


Quang added that the company is preparing for last shipments to South Korea and Japan to fulfil its target to export 15,500 tonnes in 2009.