Leading pangasius exporter: 800 tonnes per day.
Profits exacerbated, holding the fishing industry.
Hung Vuong Corporation processes some 800 tonnes of pangasius per day.
Leading pangasius exporter to enter HCM Stock Exchange
The company targets a net profit of VND 360 billion (USD 20 million) for 2009 -- a rise of 110 per cent from last year. Profit are expected to reach VND 500 billion (USD 27.6 million) in 2010 and VND 700 billion (USD 38.6 million) in 2011, Viet Nam News reports.
Until 2010, shareholders may receive 30 per cent dividend yearly.
Hung Vuong Corp, Hung Vuong Corp‚Äôs 150ha of aquaculture farms provide for 50 per cent of its demand; plans are in the works to expand the area to 200ha. Co-operation efforts with farmers to source output from another 150ha are already taking place.
The company‚Äôs catfish exports in the first nine months of 2009 reached USD 100 million. By year‚Äôs end, numbers are anticipated to rise to USD 150 million.
"VND" redirects here. For other uses, see VND (disambiguation).
"USD" United States dollar, the official currency of the United States
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