After the launch of its pangasius skin-based collagen and gelatin projects in 2015, the new factory -- based in the Chau Thanh district of Dong Thap province -- is expected to add further value via the utilization of fish by-products, the company said.
The new unit should be able to process 100 metric tons of a material per day, and Vinh Hoan wants to have it operational in the third quarter of 2020.
"The main value differentiation [sic] of this factory are the unique low trans-fat technique via a fully automatic system and the real-time data collection system which provides the most accurate result."
The new facility is based at the same site as subsidiary Vinh Phuoc Food Co., at which Vinh Hoan had aimed to have doubled the processing capacity to 300t of pangasius fillets per day by 2020.
However, Vinh Hoan CEO Tam Nguyen told Undercurrent News this has not happened. The firm has instead prioritized upgrades at its other subsidiary, Thanh Binh Dong Thap Fisheries, which it acquired in 2017.
"Thanh Binh is now processing 50% more than last year. Our plan to increase the processing capacities of these two subsidiaries depend on (i) availability of workers in the area, and (ii) of course our sales and sales forecast," said Tam. "Given the uncertain situation for the moment, although we are processing normally, we are not rushing to invest in fillet processing capacity."
Source: undercurrentnews
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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