According to the plan, MINH PHU SEAFOOD CORP will accelerate the construction of a chain of projects of Minh Phu seafood processing factory in Khanh An Industrial Park (Ca Mau), aiming to compete in shrimp processing and exporting technology on the world market. The projects include the construction of a 3-stage centralized water treatment system, each stage with a treatment capacity of 2,700 m3/day and covers an area of 24.5 ha. All projects adopt a technology to reuse wastewater, rainwater and surface water for shrimp processing for export.
The project is fully equipped with facilities, and modern processing machinery and also invests in social housing, housing care and welfare for employees of the Group.
The scale of the project chain includes 4 projects: Minh Phat Seafood Processing Factory, Minh Qui Seafood Processing Factory, Minh Phu Seafood Processing Factory, with a capacity of 18,000 tons/year; and Quang Minh packaging factory, with a capacity of 5,000 tons/year. The project is implemented according to the circular economy and carbon balance in the whole Minh Phu shrimp value chain.
MINH PHU SEAFOOD CORP sets out a plan in 2022 to achieve revenue of over VND 21 trillion, pre-tax profit of more than VND 1,413 billion, and after-tax profit of about VND 1,286 billion. This year, the company plans to process 71.8 thousand tons of shrimp for general sales and export.
Compiled by Minh Trang
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The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
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While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
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VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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