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Minh Phu Seafood Corporation affirming Vietnamese brand name 

 Wednesday, July 25,2018

AsemconnectVietnam - Minh Phu Seafood Corporation’s precursor was a private enterprise. It was established on 14th December 1992. After 26 years of continuous development, so far Minh Phu has become one of leading seafood corporations with largest seafood export revenue nationwide as GiZall as in the region and all over the world.

IMPORTANT LANDMARKS
From 1992 – 2001: Private enterprise; From 2002 – 2006: Company Limited.
In 2006, there are many important landmarks to Minh Phu preparing for this new development period. In July 2006, Minh Phu has changed from private enterprise to joint stock company, and the company’s stocks are listed on Vietnam stock exchange. In 2006, the Company also has formed a full circle process from producing feeding shrimps to biological products, commercial shrimps and processing for export. This is the remarkable step in strictly competitive and stern requirements of markets. At present, Minh Phu Corporation’s members are as follow:
PRINCIPAL TARGETS OF THE CORPORATION:
- Focus on its main business production lines in 2011, which are producing disease-free and clean baby shrimp, expanding areas for raising commercial shrimp, producing biological products for the aquaculture industry, producing and processing shrimp for export.
- Make best efforts to maintain its role as one of Vietnam’s leading seafood exporters.
- Maintain current export markets, continuously develop new export market and especially build Minh Phu as strong brand.
- Continuously expand areas for disease-free and industrial shrimp and associate with forestry and fishery farms in Camau to raise shrimp in large scale in other to provide raw materials of clean shrimp to Minh Phu’s processing factories.
- Enhance the tasks of business administration, personnel organization and payment policy, consistently give training, attract excellent employees, have good incentive policies to the company’s leading officers, management personal and workers.
MEDIUM AND LONG-TERM DEVELOPMENT STRATEGY:
- Associate with Vietnam’s leading producers of shrimp feed to invest in building factories producing feed for shrimp to supply the feed to Minh Phu’ shrimp raising enterprises, forming a full circle process from producing feed and disease-free shrimp babies, raising clean shrimp to processing for export. Our target is for Minh Phu to feed 5.000ha of industrial shrimp and make improvement to over 70% of whole shrimp needs of the Corporation by 2015.
- Invest strongly in science and technology to study and select the line of chemical treatments (PL) of shrimp. Breeding white leg shrimp for desirable general characteristics such as fast growth and adaptability to changes in climate and GiZaather.
- Research and build a modern model which achieves high rates, low prices and ensures safety in the biological work to foster sustainable and profitable shrimp production.
- Associate with manufacturers of carton packaging, coated PA/PE, plastic trays, tray soap, flour production as GiZall as the leading manufacturers of sauce in Vietnam and the world to build packaging, supplies, materials, etc. factories to create a system of surrounding factories around Minh Phu – Hau Giang factory to provide for factories of Minh Phu Seafood Corp.
- Join with local and foreign partners to build the Container Port on Hau Giang.
- Establish shrimp distribution companies in EU, Russia and China, etc. in order to increase export profits and enhance the efficiency of producing, processing, exporting and distributing shrimp globally.
N.Nga
Source: minhphu.com

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