HCM CITY - The Hung Vuong Joint Stock Company plans to build a US$30-million seafood processing plant in Russia, beginning early next year, reported Dien dan Doanh nghiep (The Business Forum) online.

Company General Director Duong Ngoc Minh announced the plan after attending a seafood trade fair in Russia last week.

The scheme to build the plant is based on an agreement for co-operation on industrial zones, signed between HCM City and Russia's capital, Moscow. The agreement aims to create jobs for Vietnamese labourers in Russia, Minh added.

He pointed out that enhancing the quality of Vietnamese packaged seafood exports and utilising the diversified seafood material in Russian waters will help the plant to meet the Russian consumer demand.

The company is based in the Mekong Delta province of Tien Giang.

Source: http://www.vir.com.vn/