During his factory visit, PM observed the gelatin and collagen peptides assembly lines. Gelatin and collagen peptides are hydrolized proteins synthesized from pangasius (aka. Vietnam’s catfish). These products have increasingly popular applications in pharmaceuticals, cosmetics, confectioneries, neutraceuticals,etc…with profit margin significantly higher than plain pangasius fillets. Dong Thap Province has the largest pangasius farming area and most developed pangasius processing in Vietnam. For many years, most companies here process and export plain fillets, with margin stabilized in recent years. Development of value-added products and optimization of by-products are long-term strategies needed for the whole industry to sustain. With awareness of collagen and gelatin’s potentials (global market revenue forecast at USD427m and USD809m respectively by 2020) (*), Vinh Hoan was the first-of-its-kind in Vietnam to have in-depth research into various applications of pangasius skin and manufacture the products at industrial scale with 85% ownership of Vinh Hoan Collagen. The factory has obtained GMP-WHO, HALAL MUI Certificate and EU code to export to EU countries. Taking advantage from its integrated supply chain, Vinh Hoan’s collagen has single-source raw material (pangasius skin) and gelatin obtains the highest grade (pharma-grade); with many orders placed from large markets: Japan, US, EU, Thailand,..
PM highly appreciates the efforts and the endeavour Vinh Hoan has made. He also calls for provincial supporting program and policies for Vinh Hoan Collagen’s business in particular, and similar high-tech agri business in general to enable innovations ; emphasizing “Without turning into value-added business, success will be harder to achieve”
He wishes Vinh Hoan to reach further and higher in the future.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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