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) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
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