Thailand's Charoen Pokphand Foods (CP Foods) is planning to boost its shrimp farming capacity in Vietnam to 50 billion units a year from the current 12 billion, reports Nikkei Asian Review.

To that end, the company will increase its annual production capacity of shrimp feed from 300,000 tons to 500,000 tons in 2019, said an executive in charge of fishery products at CP Vietnam.

CP Foods is boosting investment into Vietnam, marking one of the first big moves to piggyback on Vietnamese access to Trans-Pacific Partnership countries since the pact took effect at the turn of the year, reports

CP Foods aims to start exporting meat, as well as shrimp and fish, from its Vietnam hub, with almost all of its processed meat set to head to Japan, the Middle East, the European Union and other countries.