Central Vietnam province Binh Dinh calls for investment in $48 mln shrimp farm

By Tri Duc
Fri, October 6, 2023 | 9:10 am GMT+7

The central province of Binh Dinh is calling interested investors to submit bids for a 219 hectares hi-tech shrimp farm complex with an estimated investment of VND1.18 trillion ($48.2 million).

The mega project, located in My Thanh township, Phu My district, will have a duration of 50 years from the date of land delivery. Construction must not exceed 54 months and full operations must start from the second quarter of 2028 at the latest.

The envisaged project will include a shrimp processing factory with an annual capacity of 20,000 tons that can earn export revenues of $200-240 million a year. Its aquafeed plant will have a capacity of 100,000 tons a year.

The project will also operate a shrimp seed facility of 7,000 tons a year and a farm that will produce two billion whiteleg shrimps a year.

The deadline for submitting bids is 7:30 a.m, November 6.

 A whiteleg shrimp. Photo courtesy of Tepbac.

A whiteleg shrimp. Photo courtesy of Tepbac.

Binh Dinh recorded a fisheries output of 223,744 tons in the first nine months of this year, up 2.6% year-on-year, according to provincial data. This included 212,692 tons of harvested products and 11,051 tons of farmed products.

The south-central province produced nearly 1.76 billion whiteleg shrimp, down 58.4% year-on-year because the Binh Dinh 3 unit of Thailand-invested CP Vietnam halted production in May citing weak demand in the region.

Comments (0)
  • Read More
Hyundai Rotem keen on developing high-speed railways in Vietnam

Hyundai Rotem keen on developing high-speed railways in Vietnam

Hyundai Rotem, a mechanical engineering company under Korean chaebol Hyundai Group, has expressed an interest in building high-speed railways in Vietnam.

Investing - Wed, September 10, 2025 | 12:43 pm GMT+7

Vietnam automobile, motorcycle and bicycle association aims to make only electric vehicles by 2035

Vietnam automobile, motorcycle and bicycle association aims to make only electric vehicles by 2035

The Vietnam Automobile, Motorcycle and Bicycle Association (Vamoba) seeks to have all of its members produce at least one electric vehicle (EV) product line by 2027 and by 2035, 100% of their automobiles and motorcycles will be environmentally friendly EVs.

Economy - Wed, September 10, 2025 | 11:16 am GMT+7

From transparent technology to humanitarian values: The story of Vietnam’s first charity platform

From transparent technology to humanitarian values: The story of Vietnam’s first charity platform

Launched in 2021 under the direction of the Ministry of Science and Technology, in coordination with the Vietnam Red Cross Society and other socio-political organizations, a platform named “thiennguyen” (charity) developed by MBBank has paved a new path for community philanthropy in the digital era.

Companies - Wed, September 10, 2025 | 8:41 am GMT+7

Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry

Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry

Vietnam’s conglomerate Masan Group (HoSE: MSN), with a market capitalization of nearly $4.8 billion, high liquidity, ample foreign ownership room, and a solid business foundation, is expected to be a top pick for foreign investors.

Companies - Wed, September 10, 2025 | 8:00 am GMT+7

Vietnam’s pepper exports surpass $1 bln in 8 months

Vietnam’s pepper exports surpass $1 bln in 8 months

Vietnam’s pepper industry recorded export revenue of more than $1 billion in the first eight months of 2025, the highest level for the period in seven years, according to the Vietnam Pepper and Spice Association (VPSA).

Companies - Tue, September 9, 2025 | 11:13 pm GMT+7

Indonesia, EU to sign CEPA after decade of negotiations

Indonesia, EU to sign CEPA after decade of negotiations

The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is set to be signed on September 23 after a decade of negotiations, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.

Southeast Asia - Tue, September 9, 2025 | 10:07 pm GMT+7

Vietnam lifts asset freeze on ex-FLC chairman Trinh Van Quyet

Vietnam lifts asset freeze on ex-FLC chairman Trinh Van Quyet

Authorities in Vietnam’s central province of Khanh Hoa are moving to lift restrictions on asset transactions and transfers linked to Trinh Van Quyet, former chairman of property developer FLC Group, the provincial Department of Justice said on Tuesday.

Economy - Tue, September 9, 2025 | 9:26 pm GMT+7

Abbott-backed medical firm Domesco to pay 25% cash dividend

Abbott-backed medical firm Domesco to pay 25% cash dividend

Domesco Medical Import Export JSC (HoSE: DMC) will distribute a 25% cash dividend for 2024, equivalent to VND2,500 (9.5 U.S. cents) per share.

Companies - Tue, September 9, 2025 | 8:39 pm GMT+7

Vietnam’s finance ministry proposes raising personal deduction to $588 per month

Vietnam’s finance ministry proposes raising personal deduction to $588 per month

Vietnam’s Ministry of Finance has proposed raising the personal income tax deduction to VND15.5 million ($588) per month and the dependent deduction to VND6.2 million ($235).

Economy - Tue, September 9, 2025 | 4:09 pm GMT+7

PM requests prompt finalization of feasibility study for Lao Cai-Hanoi-Hai Phong railway project

PM requests prompt finalization of feasibility study for Lao Cai-Hanoi-Hai Phong railway project

Prime Minister Pham Minh Chinh on Sunday evening chaired a high-level meeting with key ministries and agencies to accelerate the implementation of the Lao Cai-Hanoi-Hai Phong railway project, during which he stressed the need for prompt completion of the project’s feasibility study.

Economy - Tue, September 9, 2025 | 3:06 pm GMT+7

WB, ADB to provide over $12 bln to green projects in ASEAN

WB, ADB to provide over $12 bln to green projects in ASEAN

The World Bank has allocated $2.5 billion, while the Asian Development Bank has set aside $10 billion to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.

Southeast Asia - Tue, September 9, 2025 | 3:01 pm GMT+7

Central Vietnam province seeks investors for $42 mln wind power project

Central Vietnam province seeks investors for $42 mln wind power project

Vietnam’s central province of Quang Tri is seeking investors for the Hung Bac wind power project, with total investment estimated at VND1.1 trillion ($41.69 million), according to the provincial People’s Committee.

Energy - Tue, September 9, 2025 | 2:56 pm GMT+7

Vietnam's leading conglomerate Vingroup sues 68 entities, individuals for false information

Vietnam's leading conglomerate Vingroup sues 68 entities, individuals for false information

Vingroup JSC (HoSE: VIC) on Monday reported to authorities, notified foreign embassies, and filed civil lawsuits against 68 organizations and individuals at home and abroad for spreading false information about the corporation online.

Companies - Tue, September 9, 2025 | 10:45 am GMT+7

Warburg Pincus unit, Masterise eye $739 mln expressway to Vietnam’s mega airport

Warburg Pincus unit, Masterise eye $739 mln expressway to Vietnam’s mega airport

A subsidiary of U.S. private equity firm Warburg Pincus and Vietnamese developer Masterise Group have separately proposed building an over VND19.52 trillion ($739 million) expressway connecting a major tourism area to the under-construction Long Thanh International Airport in the southern region.

Infrastructure - Tue, September 9, 2025 | 8:00 am GMT+7

Hoa Binh Construction wins $5 bln contract for mega urban project in southern Vietnam

Hoa Binh Construction wins $5 bln contract for mega urban project in southern Vietnam

Vietnam's leading contractor Hoa Binh Construction Group has secured a contract to build the first phase of a mega urban area project in Vietnam’s southern metropolis of Ho Chi Minh City.

Real Estate - Mon, September 8, 2025 | 9:22 pm GMT+7

Vietnam's monetary policy remains accommodative: WB

Vietnam's monetary policy remains accommodative: WB

Vietnam's monetary policy has remained accommodative, as State Bank of Vietnam (SBV) interventions contained foreign exchange pressures and increased credit growth, the World Bank Group said in its country economic update.

Economy - Mon, September 8, 2025 | 7:46 pm GMT+7