Vinh Foods products to be sold in Spain supermarket
In this article (5)
Vinh Foods products, a brand of catfish processor Vĩnh Hoàn Corporation, have been put on the shelves of Mercadona, the largest supermarket chain in Spain, from December.
Vĩnh Hoàn Corporation is expected to earn revenue equal to 10 million euros (US$10.5 million) from supplying tra fish to Mercadona in 2017 and 16-19 million euros in 2018-19.
The company started negotiations with Mercadona in 2015 and the first batch was shipped this September.
Mercadona owns a chain of 1,598 supermarkets, accounting for nearly 60 per cent of the tra fish retail market in Spain, until October.
Vĩnh Hoàn Corporation is the largest tra fish exporter in Việt Nam. Statistics showed that in the first 10 months of this year, the company earned revenue of more than $202 million, a rise of 8 per cent over the same period last year.
Việt Nam earned $1.67 billion from exporting tra fish this year, increasing by 7 per cent over 2015.
Questions & Answers
Q.What is the anticipated revenue for Vĩnh Hoàn Corporation from supplying tra fish to Mercadona in 2017?
What is the anticipated revenue for Vĩnh Hoàn Corporation from supplying tra fish to Mercadona in 2017?
Vĩnh Hoàn Corporation is expected to earn 10 million euros (US$10.5 million) from supplying tra fish to Mercadona in 2017. This figure represents the initial revenue projection for their partnership.
Q.When did Vĩnh Hoàn Corporation and Mercadona begin their negotiations for this supply deal?
When did Vĩnh Hoàn Corporation and Mercadona begin their negotiations for this supply deal?
Negotiations between Vĩnh Hoàn Corporation and Mercadona started in 2015. This indicates a lengthy process before the products were eventually put on shelves in December.
Q.What was Vĩnh Hoàn Corporation's total revenue in the first ten months of this year?
What was Vĩnh Hoàn Corporation's total revenue in the first ten months of this year?
In the first ten months of this year, Vĩnh Hoàn Corporation earned more than $202 million in revenue. This represents an 8 per cent increase compared to the same period last year.
Reader pulse
Is this a significant market entry?
16,510 votes so far