Cadovimex II Seafood Processing and Import-Export Joint Stock Company has been a leading player in Vietnam's seafood industry since its establishment in 2007. With an annual output of 18,000 to 20,000 tonnes in 2012, production has been steadily increasing, with the aim of reaching 25,000 to 30,000 tonnes per year in the near future. The company's total export turnover ranges from US$60 to US$80 million, and its products are distributed in markets as the United States, North and South America, Europe and Asia. In addition, it partners with aqua-processing plants to ensure a constant supply of GLOBAL GAP-certified feed, allowing the company to maintain a stable supply of 50,000 to 60,000 tons of raw fish per year for processing. In order to optimize the use of resources, Cadovimex II also established a fishmeal and fish oil plant capable of processing 150 tons of raw material per day from pangasius by-products.