Vietnam Shrimp King MPC to Establish Subsidiary in Australia

Minh Phu Seafood Corporation (UPCoM: MPC), the biggest shrimp exporter in Vietnam by export revenue, has approved a plan to set up a wholly owned subsidiary in Australia with $100,000 registered capital, local media reported.
The new firm, MP Seafood Australia Pty Ltd, will be led by former Investment Director Phan Vinh Hien.
Australia remains a key market for Minh Phu, contributing VND858.8 billion ($33.68 million) in revenue in the first half (H1) of 2025, equal to 13.2% of total sales. However, revenue from this market fell 21% compared...
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