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) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.
(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
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