This is a joint venture project between Navico and Amicogen, known as Korea's leading collagen peptide and gelatin (C&G) manufacturer with more than 21 years of experience in the production and processing of beauty products.
Amicogen & Navico joint venture sets the ambition to provide the first C&G value-added products to the Vietnamese market by 2022.
The factory was built in phase 1 with a total investment of nearly 6 million USD. The project covers an area of more than 9,600 m2 in Thot Not Industrial Park, Can Tho with a capacity of 800 tons of finished collagen and gelatin products per year, according to Korean standards.
With the current production capacity of more than 450 tons of fish material per day, Navico's processing plant can supply a huge amount of skin for collagen and gelatin production. Fresh fish skin costs around 0.5 USD/kg, if collagen production can reach 25-40 USD/kg.
Currently, ANV's profit structure includes the following segments: frozen pangasius for export, raw fish farming, aqua feed processing, value-added product processing, by-products and solar power. If there is more contribution from C&G factory, ANV's management expects the profit of phase 1 of C&G factory to be 1.5 million USD, contributing 10% of the group's profit.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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