In 2009 and the first six months of 2010, the company experienced the positive growth rate of about 20%. The market of EU and the U.S. accounted for 76% of the total pangasius export turnover of Vinh Hoan Corp.
According to Mrs. Truong Thi Le Khanh, the Chairwoman and General Director of Vinh Hoan Corp, the company’s products have been taken to the U.S’s major consuming systems. Therefore, it is estimated that volume of Vietnam’s pangasius in general and of Vinh Hoan Corp’s pangasius in particular exported to the U.S. will increase since 2010.
Vinh Hoan Corp is one among few pangasius processing companies which early have constructed the enclosed production model, helping the company control product’s quality better as well as reduce risk of material change, thus bringing to the ability of penetrating into main exporting markets. Vinh Hoan Corp is now one of the first 4 Vietnam’s pangasius companies granted Global GAP certificate which enables the company to increase its prestige in the international market and to achieve higher price of 10-20%.
Vinh Hoan Corp is heading toward value-increasing strategy with projects of processing collagen from fish skin or raising seabass for export. These projects are evaluated to have great potentials and they can make the company’s profit increase by VND 50 billion in 2012 and VND 100 billion in 2013.
For project of producing collagen from fish skin by-product, the total capital is about 12 million USD with designed capacity of 1,000 tons per year. Vinh Hoan Corp anticipated finishing the company establishment in September, 2010; starting the construction in February, 2011 and promoting product consumption in December, 2011.
In term of seabass raising project for export, Vinh Hoan Corp has just developed its new products, seabass fillets for export. Seabass product enjoys 25 - 30% higher profit compared with normal pangasius and is more 10-15% profitable than pangasius with Global GAP certificate. Seabass products are planned to export to the U.S, EU and Australia. At present, Vinh Hoan Corp has seabass farming area of 68 ha and will expand more 230 ha since 2012.
VINH HOAN CORP
Mrs.Truong Thi Le Khanh – Chairwoman and General Director
Add: National Road 30, Ward 11, Cao Lanh City, Dong Thap Province
Tel: + 84 67 3891166
Fax: +84 67 3891062
Email: vh@vinhhoan.com.vn
Web: www.vinhhoan.com.vn