Phu Yen joins with Japan in tuna processing

A joint venture between central coastal Phu Yen province and four Japanese companies will be set up in Phu Yen in the third quarter of the year to buy, process and preserve ocean tuna for export.

A framework agreement to this effect was signed in Phu Yen on March 17 by representatives of the People’s Committee and Planning and Investment Department of Phu Yen province and Director of Japan’s Rakuichi Broadband Solution Co, Ltd. Kensaku Matsumoto.

Under the agreement, four companies, namely Rakuichi Broadband Solution Co, Ltd., I-Point Co, Ltd., Sokurakuhonpo Co, Ltd., and At Work, will bring two refrigerated vessels to Vietnam to process and preserve ocean tuna, as well as provide food, petrol and necessities for fishermen at sea.

They will also transfer advanced fishing technology to Phu Yen fishermen, promote and export the joint venture’s products and build an ocean tuna trademark for Phu Yen province.

Phu Yen is the leading locality to develop the ocean tuna fishing industry, with a fleet of more than 690 vessels that can catch around 5,000 tonnes per year.

Tags:

Posted by VBN on Mar 18 2011. Filed under Sea food. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Copper up, but demand jitters cap gains
  • Gold prices fall 1 percent, silver was down 0.5 percent at $41.40 an ounce
  • Gold price in Hong Kong opens at 17,440 HK dollars per tael on Wednesday
  • Gold sheds 3 pc in choppiest day in two weeks
  • Appliance retailers eye shopping fest to boost sales
  • Stock break four-day losing streak
  • Swedish auto maker Saab files for bankruptcy protection
  • Chinese tourists to Sri Lanka almost double

Sponsored

Looking for an overseas forex broker?