Friday, January 12, 2007

Vietnam catfish producer to list

Nam Viet Joint Stock Company, Navico, one of Vietnam's largest tra catfish producers and processors, plans to make an initial public offering of shares and list on the Ho Chi Minh City exchange in the first quarter of this year.

The company has three processing plants with a combined daily capacity of 1,300 tons, a fish oil and fish powder processing factory, and a package making plant.
It reported an export revenue of 160mio US$ last year and hopes to increase it to 200mio US$ this year.
It plans to expand into eight new foreign markets, taking the number of export markets to 60.

Source: Thanh Nien

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