'Pangasius King' Duong Ngoc Minh's Strategy to Capitalize on Free Trade Deals
SEAFOODNEWS.COM [Vietnam News Brief Service] - February 13,2015
Vietnamese Hung Vuong Corp., which supplies frozen pangasius to Wal-Mart Stores Inc. and Spain’s Mercadona SA, will sell a stake and spend at least $100 million this year to expand production as Vietnam prepares to sign trade deals.
Vietnam’s largest pangasius exporter will build a $30 million processing plant in Russia in April and seek an Indonesian partner to expand pangasius-feed production overseas, Chairman Duong Ngoc Minh said.
“With all these trade agreements coming in, Vietnamese companies have to spend money to survive. Or they’ll get left behind and die,” he said...
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