Consolidation is the key for Vietnam's seafood processors

摘要

THERE ARE BIG changes afoot in Vietnam's seafood processing industry.Many, mainly already big, seafood processing companies are strengthening their position by acquiring other, smaller, companies, while the small companies themselves are seeking both domestic and foreign partners.Although as a communist country - it is officially called the Socialist Republic of Vietnam - all seafood processing companies were originally owned by the state. However, the Vietnamese government has allowed private investors, usually the people who run them, to buy into these companies which are then known as joint stock enterprises.