Minh Phu Seafood Company said the 1 trillion VND (46.5 million USD) Minh Phu-Hau Giang plant should become operational in April.

The plant will be able to process 40,000 tonnes of processed shrimp per year, according to Le Van Diep, deputy director of MPC.

He said the plant will use the latest technology to reduce material waste and production time, so reducing costs.

MPC exported 1,662 tonnes of shrimp in 2010 and reached an export turnover of 19.8 million USD, a year-on-year increase of 70.16 percent in volume and 106.23 percent in value./.