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Minh Phu aims to almost triple profits in 2020, but expects competition, tough pandemic trading

The company expects fierce competition, especially from Ecuador, and a 'huge shock on both aggregate demand and supply' related to the COVID-19 crisis

By Neil Ramsden | April 24, 2020 09:54 BST
Minh Phu farming region, Vietnam
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Minh Phu at Vietfish 2017. Credit: Neil Ramsden, Undercurrent News

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Minh Phu at Vietfish 2017. Credit: Neil Ramsden, Undercurrent News

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Vietnamese shrimp firm Minh Phu Seafood Corp. has revealed in its 2019 annual report that it hopes to recover from flat development in revenue and a drop in profits, to almost triple its profits in 2020. [...]

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