Three seafood corporations merged

March 18, 2011 | 11:00

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The Ministry of Agriculture and Rural Development (MARD) on March 17 held a ceremony to mark the merger of three seafood corporations Seaprodex Vietnam, Ha Long Seafood Corporation and East Sea Fisheries Corporation in Ho Chi Minh City.

illustration photo

The new corporation, called Vietnam Seafood Corporation (VSC), has a chartered capital of VND839 billion and is a wholly state-owned business.

Deputy Minister of MARD Diep Kinh Tan is VSC’s Chairman and Chairman- cum-general director of the Central Region Company, Tran Tan Tam is appointed as the General Director of VSC.

Addressing the merger ceremony, MARD Minister Cao Duc Phat said the move aimed to establish a powerful state business to boost aquatic development in the country.

He also requested VSC promptly arrange jobs for workers from the three former seafood corporations, boost exports, apply further modern science and technology to seafood processing and manufacture, as well as support seafood development nationwide.

VIR/VNA

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