The Japanese Hokugan Company intends to build an ocean tuna and other aquatic products processing plant in the Dong Tac fishing port, Tuy Hoa city of the central coastal province of Phu Yen in the near future.
At a recent working session with Vice Chairman of the provincial People’s Committee Le Van Truc, Director of the company Kawahira Manabu said the plant will be designed to have a capacity of 1,800 tonnes per month.
The two sides also discussed fishing equipment and technique support for local fishermen.
Truc said the province will address land clearance over three months and continue to exchange information with the Japanese firm to accelerate the implementation of the project.
The Japanese company is providing fishing tools for locals in Tuy Hoa’s Ward 6 and committed to sending experts to offer technical instruction to local fishermen.
Phu Yen catches 6,000 tonnes of ocean tuna and 3,000 tonnes of cuttlefish on a yearly basis, Truc said, adding that the output and quality will increase thanks to modern Japanese technology.
According to the provincial Department of Planning and Investment, the Japanese firm has studied a 16,500 sq.m site in Dong Tac fishing port for its investment since September 2014.
The Okinawa-based company also hopes to build a high-quality ice water production plant for improved seafood preservation.-VNA
Tuna exports doubled year on year to almost 100 million USD so far this year, enjoying multi-fold surges in traditional markets such as the US and Canada but suffering a drop in the European Union.
A joint venture between central coastal Phu Yen province and four Japanese companies will be set up in Phu Yen in the third quarter of the year to buy, process and preserve ocean tuna for export.
A seminar to increase the managerial capacity of ocean tuna fishing was held in the central city of Da Nang on November 13. The event was part of a project sponsored by the Western and Central Pacific Fisheries Convention.
Vietnam’s seafood catch reached 639,000 tonnes in the first quarter of this year or a 3 percent year-on-year increase thanks to favourable weather conditions.
Fishermen in central Phu Yen province are enjoying a productive spell, with 70 percent of tuna fishing boats bringing back 1.5-3 tonnes of ocean tuna each voyage.
The Japan International Cooperation Agency (JICA) is building a special technical support programme to help Vietnamese fishermen make inroads into high-grade seafood markets of Japan and other countries.
Japan is committed to furthering cooperation with Vietnam in agriculture and fisheries, and hopes the Vietnamese Government will facilitate the implementation of the target projects.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA)
