Minh Phu plans to give Ecudorian shrimp a run for its money in the Chinese market.

"Our strategy for the next few years is to expand business in the Chinese market," Le Van Quang, CEO and chairman at the firm, told IntraFish.

He added the Chinese market has the potential to be equivalent to the US market for Minh Phu.

The company's estimated 2016 exports comes to 47,000 metric tons and about $560 milllion (€515.8 million), an increase of 3 percent in volume and 6 percent in value compared to the 45,500 metric tons and $530 million (€488.1