The Ha Long Investment and Development Company (BIM Group) on Aug. 28 announced the establishment of the BIM seafood joint stock company (BIM Seafood), the first shrimp processing association model in Viet Nam that will see 20 percent stake go to Indochina Capital.
The signing of a strategic cooperation pact between BIM Seafood and Indochia Capital Vietnam Holdings (ICVH), will allow ICVH to play the role of strategic investor and provide business and financial aid to BIM Seafood.
According to Peter R. Ryder, General Director of Indochina Capital, BIM Seafood is well placed to become a leading seafood processing company in both the domestic and international markets.
BIM, established in 1994, is involved in infrastructure and real estate development, seafood, salt production and tourism. BIM Seafood will be a top to bottom model from breeder shrimp production to, shrimp farms, to processing factories and the company's distribution network.
Source: VNA
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