10:48:28 PM | 4/10/2011
A joint venture between Vinh Sam Company in Phu Yen province and five Japanese firms will be established this month to process tuna for export.
The joint venture will have a charter capital of US$2 million, and is expected to process 2,000-3,000 tonnes of tuna each year.
The Japanese side will send a refrigerated vessel to Vietnam to process and preserve tuna free of charge in the first two years.
Currently, the price of tuna hovers somewhere between US$12-20/kg, providing a great source of income for local fishermen.