Vinh Hoan Corp currently has 170 ha of seabass raising and will be expanded to 300 ha in 2012. It is estimated that the harvesting production of 2011 will achieve 700 tons and up to 6,100 tons in 2013.
Previously, Vinh Hoan Corp implemented successfully the research period and trial production in the laboratory through direct co-operation with a rich experienced expert from the U.S.
The construction project of Collagen Production Factory from fish skin is one of strategic plan of Vinh Hoan Corp in order to optimize the regained value from by-products. At present on the market, export price of seabass is 2.5 times higher than of pangasius.
Moreover, Vinh Hoan 1 Seafood Feed Factory produced successfully the high protein feed for seabass with competitive price. It is planned the project profit will get 4 billion VND in 2011 and increase to 23 billion VND in 2012.
It is known that Vinh Hoan Corp has just signed an import contract of a forming, flour soaking and primary frying line from Europe. This line will help the company diversify value added pangasius products and meet technical requirements of customers with a more competitive cost compared to flour soaked products which are produced in importing countries.