Phu Yen Cooperates with Japanese Firms in Tuna Processing

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.

VOV

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