Minh Phu Seafood Corp and Gemadept will build a $31m logistics centre in Hau Giang province. — cafef.vn

HAU GIANG (Biz Hub) — Minh Phu Hau Giang Port Company and Gemadept Corporation are set to build a VND670 billion ($30.8 million) logistics centre in the Mekong Delta province of Hau Giang.

The company, an affiliate of Minh Phu Seafood Corporation, will provide 49 per cent of the investment capital of the project, with Gemadept contributing the rest.

The 15ha logistics centre will come up at Song Hau Industrial Zone in Chau Thanh District.

Minh Phu Seafood Corporation began as a private enterprise on December 14, 1992. Over the last two decades, it has grown into a leading seafood firm, with the largest seafood export revenue in the country.

The corporation has set a target of earning revenue of more than VND19.3 trillion ($887 million) and after-tax profit of more than VND1.4 trillion ($64.4 million) this year.

Gemadept Corporation, initially a state-owned company, was founded in 1990. In line with the Government's economic reform policy, in 1993, it became one of the first three companies to issue shares, and it was listed on the Vietnam Stock Exchange in 2002.

Gemadept is among the leading companies in its core business sectors, including port operations and logistics. It has also achieved success in rubber plantation and real estate.— VNS