Chinese firm pumps US$10 million into Mekong Delta

The US$10 million seafood feed factory will produce 300,000 tonnes of fodder annually and provide jobs for between 200 and 250 locals.

The company, a francise of the TongWei Group, plans to break ground later this year after receiving an investment licence.

The company also has a US$3 million fish fodder factory in other Mekong Delta province of Quang Nam.

“The Mekong Delta region has great aquaculture potential, making it a great for us to expand a business,” said its CEO Guan Yawei.

TongWei is the eighth investor to lease land in the Tan Duong industrial zone.

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Source: Viet Nam Economic Times

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