BUSINESS IN BRIEF 23/2PetroVietnam Technical Services Corporation (PTSC), a subsidiary of PetroVietnam, will contribute $57 million to the establishment of a joint venture company with Yinson Clover Ltd. (YCL) in the Marshall Islands. Currently, Vietnam is the fourth largest seafood supplier of Australia with 11% of market shares after Thailand, New Zealand, and China. Seafood exports hit a record high of US$8.3 billion last year, up nearly US$1 billion compared to the previous year. The figure was estimated at 40 percent in local industrial parks. Since 2015, the cooperative began producing Gotu Kola tea by grilling, drying and packaging the green plant, using industrial machines.

Source: VietNamNet News February 23, 2018 09:33 UTC