More bankruptcies among Vietnamese seafood companies could see further consolidation in the market, with large companies such as Hung Vuong eyeing possible acquisition opportunities, Duy Le, a Blackhorse Asset Management investment analyst, told IntraFish.
Le was speaking in light of recent troubles experienced by several seafood companies in Vietnam. Bianfishco, one of Vietnam’s top 10 pangasius exporters, was faced with bankruptcy problems while other poor-performing seafood processors have been forced to de-list from Ho Chi Minh stock exchange, due to continued losses.
“Many
