(vasep.com.vn) In 2011, Ben Tre Aquaproduct Im-Ex Joint Stock Company (Aquatex Ben Tre) produced 393 million MT of fry and 8,500 MT of commercial fish, ensuring 70 percent of the company’s needs of raw material for processing.
Aquatex Ben Tre operates with a completed production chain including hatchery, fish farm, and processing plant which helps avoid risks from raw material supply and control production cost and quality.
In 2011, the firm sold abroad 9,211 MT of finished products of which clams accounted for 32 percent. Aquatex Ben Tre tried to remained exports to traditional markets like the EU, Japan and the U.S. Exports to the EU represented 56 percent, Japan with 12 percent and the U.S. with 8 percent. Moreover, Aquatex Ben Tre enhances exports to other potential destinations such as Middle East, Egypt, Colombia and Asia to reduce export risks and diversify importing markets.
As prediction of the firm, it will meet more challenges in 2012 because many markets try to protect their domestic production and raise trade barriers. Additionally, Aquatex Ben Tre has to struggle with lack of capital and labours to operate. As the result, it targets to produce only 9,000 MT of final products to earn VND700 billion of net revenue and VND90 billion of profit before tax. The dividend yield will be set at 50 – 60 percent.
Website: www.aquatexbentre.com