Phu Yen cooperates with Japanese firms in tuna processing

News - A joint venture between Vinh Sam company in Phu Yen province and five Japanese firms will be established this month to process tuna for export.

The joint venture will have a charter capital of US$2 million, and is expected to process 2,000-3,000 tonnes of tuna each year.

The Japanese side will send a refrigerated vessel to Vietnam to process and preserve tuna free of charge in the first two years.

Currently, the price of tuna hovers somewhere between US$12-20/kg, providing a great source of income for local fishermen.