Binhdinh Fishery Joint Stock Company (Vietnam)

The subject was originally founded as a state owned company and then, it was equitized to become a joint stock company in 1999. The company specializes in processing and exporting frozen - fresh marine fish. According to Director Ms. Cao Thi Kim Lan, its products are mainly Tuna, which occupy about 80% total exported products of the company. In which, The USA is the largest market with about 50%, followed by EU countries with 40%, the rest is Middle East.We have a telephone interview with The Head of Administration Department Mr. Le Van Quy. He disclosed that the subject has faced difficulties due to COVID 19 disease as almost expenses have increased remarkably in this year. However, demand of the market has also increased and the company has advantage to build a new more factory in Quy Nhon Province. Its production capacity increases and the subject still insure production in circumstance of COVID 19 disease. In the first nine months of 2021, the subject's turnover gained USD 50 million. It plans to reach USD 82 million of net sales in the fiscal year 2021, Mr. Quy added.