Minh Phu’s shrimp sales slow amid decline in freight rates

Published on
August 10, 2022
Minh Phu CEO Le Van Quang

Minh Phu Seafood has seen its export value growth slow amid recent falling shipping costs.

Minh Phu, Vietnam’s leading shrimp producer, exported shrimp worth USD 388 million (EUR 381 million) in the first seven months of 2022, up 5 percent year-on-year. But July's sales total dragged that figure down from the 15 percent growth it achieved in the first half of 2021 ...

Photo courtesy of Toan Dao/SeafoodSource

Contributing Editor reporting from Hanoi, Vietnam

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