In recent years, the circular economy model is Vinh Hoan’s share of efforts to mitigate impacts on the global climate change crisis. Through optimizing usage of byproduct s at every stage of the business cycle, the circular economy model converts the value-chain outputs into inputs for other value-chains.
In Vinh Hoan’s fish processing factories, large amounts of trim meat and bones are considered as byproducts, the reuse and utilizing of byproducts in aquaculture is crucial. Depending on the level of processing, more than 70% of the total fish caught is subjected to further processing before being placed on the market, resulting in large amount of approximately 20–80% waste, (*) The concept of circular economy is not only applied in processing, but also in aquaculture. Other aquaculture waste materials can also become recycled.
With a passion for innovation, creativity, and sustainability, Vinh Hoan had begun laying its foundation via several projects to bring this model to life.
Innovative projects in pangasius farming and processing
Since 2011, Vinh Hoan has established Vinh Wellness, dedicated to developing and manufacturing single-sourced collagen and gelatin. The successful production of high-value collagen peptides and gelatin products from pangasius skin is one of the remarkable breakthroughs. Currently, Vinh Wellness's production capacity is up to 3,500 tons per year. Besides utilizing fish skin for collagen and gelatin, other by-products in fish processing are used as fish oil and fish meal inputs. Currently, collagen peptides, gelatin, fish meal, and refined fish oil are among the strategic products contributing to Vinh Hoan's revenue and profit.
Aquaculture is a potential economic sector that plays a vital role in the world's food demand; however, this industry still faces challenges such as limited natural resources. How do we help farmers increase their farming yield while conserving water for future food production? To attempt to solve this challenge, Vinh Hoan has implemented the in-Pond Raceway System (IPRS). The trough system actively feeds on-site water, regardless of the additional water supply. Water in the pond will not require to be replaced and can be used continuously. At the same time, IPRS creates a separate trough collection for fish waste during the farming process. Wastewater during fish farming is sent to biological treatment ponds for filtering. This water can be pumped into farms to serve as irrigation of crops.
Constantly expanding the value chain
Not only pangasius processing, Vinh Hoan also sees potential in the agricultural sector and aims to become a leading food processing corporation . In early 2021, Vinh Hoan established Thanh Ngoc agriculture food company and acquired Sa Giang food company to expand its value chain. These are two important projects to contribute to the vision of the company’s circular economy model.
By-products in the process of growing crops and processing agricultural products will be recycled to produce fertilizer. Vinh Hoan started the construction of Thanh Ngoc agricultural factory in early 2022 and is expected to be completed in October 2022. In phase 1, the factory's capacity will be approximately 150 tons of raw materials per day, producing about 23,000 tons per year.
At the same time, Vinh Hoan’s feed factory is in its final last phase of construction and is expected to operate in the second quarter of 2022. The feed factory has a production capacity of about 350,000 tons per year.
In addition to our current value chain, Vinh Tech, a division of Vinh Hoan, invests in companies that aim for innovation in technology for aquaculture and agriculture. Last year, Vinh Technology invested in developing the potential of insect meal through Entobel, a Singaporean-based biotech company. This is an alternative and sustainable resource for various industries including animal feed and animal health.
Madam Truong Thi Le Khanh, founder, and chairwoman of Vinh Hoan Corporation emphasized: “Vinh Hoan inspires innovation to create a sustainable future. Our success will not stop. Our relentless ambition will take us to open more possibilities.”
Source: (*) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7923225/
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
(seafood.vasep.com.vn) Ha Tinh Province is strengthening control over shrimp seed quality to minimize risks for the 2026 spring–summer farming season.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
(seafood.vasep.com.vn) The year 2025 is considered a turning point for Vietnam’s shrimp seed industry as the sector faces the need for strong transformation in technology, production management, and gradual self-sufficiency in broodstock supply. These factors are seen as key to improving seed quality and strengthening the competitiveness of the shrimp industry amid increasingly demanding market requirements.
(seafood.vasep.com.vn) In February 2026, Vietnam’s shrimp exports reached nearly USD 310 million, up 17% year-on-year. Cumulatively for the first two months of the year, shrimp export value totaled USD 690 million, an increase of 20% compared with the same period last year. Compared with the 22% growth recorded in January, the pace of increase in February slowed somewhat, reflecting seasonal factors as the Lunar New Year holiday partially disrupted processing and shipment activities. Nevertheless, the nearly 20% growth in the first two months indicates that shrimp orders from Vietnam are maintaining a more positive trend than in the same period last year.
(seafood.vasep.com.vn) According to the latest statistics for January 2026, Vietnam’s pangasius export value to major market blocs recorded encouraging growth compared with the same period last year, indicating that consumption demand is gradually recovering.
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
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