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Garment, fishery firms plan production growth this year
March 04, 2019, 09:42 AM
Enterprises in the garment and fishery sectors have set development plans to take full advantage of free trade agreements such as the CPTPP and EVFTA.

The textile and garment industry aims to achieve export value growth at 8-10 percent to a total of over 40 billion VND and an industrial production value growth at 5 percent, according to the Vietnam Textile and Garment Corporation (Vinatex).

Companies in the domestic fishery industry have also sped up investment and applied many technological solutions to ensure the quantity and quality of raw materials under commitments of those FTAs.

Tô Thi Tuong Lan, deputy general secretary of the Vietnam Seafood Exporters and Producers (VASEP), said the fishery industry strives to reach 10 billion USD in export value this year, an increase of 11 percent year on year. Of which, the export value will be 4 billion USD for shrimp, 2.4 billion USD for tra fish and 3.3 billion USD for other kinds of seafood.

Le Van Quang, chairman of Minh Phu Seafood Corporation (MPC)’s board of directors, said in 2019, MPC plans to gain growth of 15 percent to reach an output 77,400 tonnes of shrimp and an export value to 850 million USD.

This year’s pre-tax profit is more than 2.3 trillion VND, higher than 1.2 trillion VND in 2018. The company plans to carry out merger and acquisition (M&A) of factories to increase capacity to meet growing demand.

Tran Van Linh, chairman of the Da Nang-based Thuan Phuoc Seafood and Trading Joint Stock Company’s board of directors, said his company is planning to expand investment in processing plants to expand production and exports this year.

VNS/VNA 

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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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