Taiwan firm to breed shrimp in central Vietnam

The Fish Site
by The Fish Site
26 May 2007, at 1:00am

VIET NAM - Taiwanese retail distribution giant Uni-President Vietnam has broke ground with its new shrimp breeding facility in the central province of Ninh Thuan.

The 3.5 ha complex is expected to cost US$1.2 million and produce almost 600 million shrimp per year once operational in November.

Uni-President, which specializes in food processing, beverages, and retail distribution, entered into a partnership earlier with the Saigon Beverages Joint Stock Company (Tribeco).

Uni-President will acquire 15 percent of Tribeco’s stock and assist the latter in setting up new product lines and expanding its distribution network in Southeast Asia.