The Duyen Hai Economic Development Company (Cofidec) was established in July 1987 from its fore-runner, the Duyen Hai Seafood Joint-venture. In its early years of operation, the company was doing business in two major areas, aquaculture import-export and breeding. Since 1993, Cofidec has become a State-run company, under the Saigon Trading Group (Satra Group).
Apart from exporting its products to foreign countries, Cofidec has distributed its products in Vietnam through shops and supermarkets, including BigC Vietnam, Maximart, Satrafoods (a chain of convenience stores) and AEON Vietnam. In recent years, Cofidec has expanded its scale of activities to trading farm produce, including eggplant (baked, boiled, shrimp-stuffed, flour dipped), okra (boiled, frozen, flour dipped, shrimp-stuffed) and others.
With support from Satra Group, Cofidec has close contacts with many localities to promote cooperation with the local authorities and farmers, who will supply raw products to the company’s processing and import-export activities.
The localities to supply raw materials to Cofidec include Khanh Hoa, Ninh Thuan, Binh Thuan, Ba Ria-Vung Tau, Tra Vinh, Soc Trang and Bac Lieu (which supply shrimp to the company); Lam Dong, Dak Nong, Dong Nai, Binh Phuoc and Tay Ninh (eggplants); Dong Thap (mangos); Binh Duong, Long An and An Giang (okra).
To cooperate with the local farmers, Cofidec sent its agricultural engineers to help them grow the trees, harvest the products, and purchase all farm produce with stable prices. The company has set up a Product Quality Control Centre to ensure high-quality and safe raw materials.
Cofidec has invested in upgrading and renewing equipment in its production workshops, building factories to semi-process the farm produce, and investing in building a factory to process farm and sea food products for export. The company purchased and installed new equipment and machines, including cutting machines, a steaming machine, nitrogen-tanks, and a conveyor belt of Individually Quick Frozen (IQF). This helps the company operate at full capacity and meet its customers’ orders on time.
Besides its current traditional distribution markets, Cofidec, with support from Satra’s offices overseas, has expanded into new markets, including Japan, Hong Kong and Canada, where the company’s new products are sold such as spring rolls and frozen chilies.
In 2013, Cofidec took a new step forward when it established direct cooperation with Japan’s chains of supermarkets. Thanks to that effort, in 2014, despite the global economic difficulties, the company’s turnover still increased by 18 million dollars.
Apart from exporting its products to foreign countries, Cofidec has distributed its products in Vietnam through shops and supermarkets, including BigC Vietnam, Maximart, Satrafoods (a chain of convenience stores) and AEON Vietnam. In recent years, Cofidec has expanded its scale of activities to trading farm produce, including eggplant (baked, boiled, shrimp-stuffed, flour dipped), okra (boiled, frozen, flour dipped, shrimp-stuffed) and others.
With support from Satra Group, Cofidec has close contacts with many localities to promote cooperation with the local authorities and farmers, who will supply raw products to the company’s processing and import-export activities.
 Cofidec has advantages in frozen seafood exports, which are available in many foreign markets, including Japan, South Korea, the United States, and some European countries. Photo: Kim Phuong/VNP  Processing shrimps at Cofidec. Photo: Kim Phuong/VNP  Peeled shrimp is used for processing many products. Photo: Kim Phuong/VNP  The process of making breaded shrimp for exporting. Photo: Kim Phuong/VNP  Weighing materials to ensure the quality of products. Photo: Kim Phuong/VNP  The breaded shrimps are pasteurised. Photo: Kim Phuong/VNP  Packaging breaded shrimp. Photo: KimPhuong/VNP  Breaded shrimp exported to RoK with Korean text in its packaging. Photo: Kim Phuong/VNP  Cofidec products are fresh, safe and hygienic thanks to its secured source of ingredients and advanced technology. Photo: Kim Phuong/VNP  Besides exporting, Cofidec products are sold in many supermarkets and malls nationwide. Photo: Kim Phuong/VNP |
The localities to supply raw materials to Cofidec include Khanh Hoa, Ninh Thuan, Binh Thuan, Ba Ria-Vung Tau, Tra Vinh, Soc Trang and Bac Lieu (which supply shrimp to the company); Lam Dong, Dak Nong, Dong Nai, Binh Phuoc and Tay Ninh (eggplants); Dong Thap (mangos); Binh Duong, Long An and An Giang (okra).
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The Duyen Hai Economic Development Company (Cofidec)
- Address: No.177 Dinh Tien Hoang Street, Dakao Ward, District 1,
Ho Chi Minh City, Vietnam - Tel: (84.8) 37174305 - (84.8) 37174730 - Fax : (84.8) 37174305 - Email: imex@cofidec.com.vn - Website: http://www.cofidec.com.vn |
To cooperate with the local farmers, Cofidec sent its agricultural engineers to help them grow the trees, harvest the products, and purchase all farm produce with stable prices. The company has set up a Product Quality Control Centre to ensure high-quality and safe raw materials.
Cofidec has invested in upgrading and renewing equipment in its production workshops, building factories to semi-process the farm produce, and investing in building a factory to process farm and sea food products for export. The company purchased and installed new equipment and machines, including cutting machines, a steaming machine, nitrogen-tanks, and a conveyor belt of Individually Quick Frozen (IQF). This helps the company operate at full capacity and meet its customers’ orders on time.
Besides its current traditional distribution markets, Cofidec, with support from Satra’s offices overseas, has expanded into new markets, including Japan, Hong Kong and Canada, where the company’s new products are sold such as spring rolls and frozen chilies.
In 2013, Cofidec took a new step forward when it established direct cooperation with Japan’s chains of supermarkets. Thanks to that effort, in 2014, despite the global economic difficulties, the company’s turnover still increased by 18 million dollars.
Story: Nguyen Vu Thanh Dat - Photos: Kim Phuong
