Phu Yen cooperates with Japanese firms in tuna processing

A joint venture between Vinh Sam company in Phu Yen province and five Japanese firms will be established this month to process tuna for export.

The joint venture will have a charter capital of US$2 million, and is expected to process 2,000-3,000 tonnes of tuna each year.

The Japanese side will send a refrigerated vessel to Vietnam to process and preserve tuna free of charge in the first two years.

Currently, the price of tuna hovers somewhere between US$12-20/kg, providing a great source of income for local fishermen. – VOV

Tags: vietnam tuna exports

Posted by VBN on Oct 6 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry