The construction work will take around one year to complete, she said.
Navico and another local pangasius producer – the Dai Tay Duong Company Limited – each have a 50 percent stake in the Amicogen Nam Viet Company Limited, the operator of the project. The chartered capital of the Amicogen Nam Viet is VND 46.48 billion (USD 2 million, EUR 1.8 million).
But the official said the two companies will sell part of their stakes at Amicogen Nam Viet to a South Korean partner. The South Korean company will also provide the design of the factory and will buy a portion of the factory’s products.
However, the signing with the South Korean partner has been postponed due to the impact of the COVID-19 pandemic, the Navico official said, without providing the name of the South Korean company.
According to a statement from Navico, the factory will be built on an area of 9,600 square meters and will produce 800 metric tons (MT) per year of collagen and gelatin products.
Currently, Vinh Hoan, the country’s leading producer and exporter of pangasius, is the only producer of collagen from pangasius skin in Vietnam.
Navico said last month it expects to harvest 105,000 MT of pangasius this year from the Binh Phu, which it said is the biggest pangasius farm in Vietnam.
The company’s export value fell 19.7 percent year-on-year to USD 28.5 million (EUR 26.3 million) in the first four months, mainly due to the global outbreak of the coronavirus. Its sales in the period declined in most major markets including the European Union, China (including Hong Kong), Mexico, and the ASEAN bloc.
Navico is also in the process of building back up its exports to the United States after ceasing shipments in the midst of the so-called “whitefish wars,” which saw the U.S. raise trade barriers to pangasius from Vietnam.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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