Deals to increase the value of agricultural products

VCN - Deals worth trillions of VND between businesses in the field of deep processing of agricultural and aquatic products promise to produce high-quality products, serving both domestic and export markets.
The smart warehouse of Vinamilk with European technology has a capacity of more than 27,000 pallets of goods. Photo: X.HEAR
The smart warehouse of Vinamilk with European technology has a capacity of more than 27,000 pallets of goods. Photo: X.HEAR

Make by-products precious products

Besides the association with domestic enterprises, some businesses also boldly expanded cooperation with foreign enterprises to increase deep processing capabilities. A large-scale pangasius processing factory has just started construction by Nam Viet International Development Joint Stock Company (Navico) at Thot Not Industrial Park, Can Tho City in early December 2021.

This is a joint venture project between Navico and Amicogen (South Korea) with capital of US$24 million, built in two phases. In which, phase 1, with a total investment of nearly US$6 million, covers an area of ​​more than 9,600 m2, a capacity of 800 tons of finished collagen and gelatin products per year, meeting South Korean export standards; production capacity of over 450 tons of raw materials per day.

Especially, raw materials for processing collagen and galactin from catfish skin are removed during the processing of fish for export, provided by factories of Nam Viet Group.

The project to extract collagen peptides and gelatin from pangasius skin is part of Nam Viet Group's large-scale closed chain of production systems and is also a strategic project in the plan to transform production from basic products to value-added products with high technical content, bringing many values and benefits to society.

With this cooperation, Amicogen Joint Venture and Navico set an ambition to provide the first C&G value-added products to the Vietnamese market by 2022. Fresh fish skin is priced around US$0.5 per kg, if collagen production can reach US$25-40 per kg.

Navico’s new direction on production and processing of collagen peptides and gelatin according to new technologies is completely consistent with the Government’s scientific and technological development orientation, contributing to improving people’s quality of life and economic growth.

According to the leader of the Agricultural Products Processing and Market Development Department (the Ministry of Agriculture and Rural Development), for pangasius, the utilization and processing of all by-products, especially related to collagen from fish skin, offers great value. Every year, we produce 1.5 - 1.7 million tons of pangasius and in this processing, about 65 - 70% are by-products including head, bones, organs and skin.

Currently, some businesses also invest in technology to extract collagen and gelatin from fish skin. The investment in these technologies helps to completely close the pangasius production and processing chain. Utilizing by-products can add 15-25% value to the entire pangasius farming and processing chain. As for collagen, the global demand is from 900,000 to 950,000 tons of collagen per year, equivalent to US$7.5 – 8 billion. If this stage is done well, it will bring added value to the pangasius production.

Increase production scale

Recently, a super dairy factory in the Northern region deployed by Vinamilk and its member company Vilico was approved by the People's Committee of Hung Yen province. As the leading dairy enterprise in Vietnam, with 13 farms and 13 dairy factories across the country, of which there are two super factories, Vietnam Dairy Factory (producing liquid milk, with a capacity of 800 million liters per year) and Vietnam Powdered Milk Factory (producing powdered milk, with a capacity of nearly 54,000 tons per year), Vinamilk decided to cooperate with Vilico, a member of the group, to invest and build a factory for milk and dairy products, in order to improve production capacity and meet development goals in the new period.

The dairy factory project in Hung Yen has a total estimated investment of VND4,600 billion (nearly US$200 million), on an area of nearly 25 hectares, the total design capacity is estimated at 400 million liters per year and is expected to be built in two phases.

The dairy factory in Hung Yen is one of the key projects in the development strategy of Vinamilk and Vilico in the next 5 -10 years and is oriented to become a leading super dairy factory in Vietnam and Southeast Asia.

Mai Kieu Lien, Vinamilk's General Director, Vilico's Chairman of the Board of Directors, said that with the readiness of investment resources and experience in building and operating a system of factories in Vietnam, in which there are many large-scale factories, meeting international standards, Vinamilk and Vilico will invest in implementing and managing the project effectively and on schedule. It is expected that the operation of the project will contribute to creating momentum for the development of Vinamilk and Vilico and at the same time contribute to the development of the dairy processing industry in Hung Yen in particular and the local economy in general.

All of Vinamilk's current factories have applied the world's leading advanced technologies, applied 4.0 technology in management and operation and met international standards.

This helps Vinamilk not only meet the requirements of the domestic market but also meet product standards in many export markets with strict standards.

So far, Vinamilk products have been exported to 56 countries such as the US, Japan, South Korea, Singapore, China, and increasingly enhance the brand value of Vietnamese dairy products in the international market.

Also related to the field of milk production, in November 2021, NutiFood Nutrition Food Joint Stock Company (Nutifood) completed investment procedures in Quang Nam Ngoc Linh Ginseng Pharmaceutical Trading Joint Stock Company (Quasapharco), officially setting foot in the "field" of herbs, especially rare herbs.

Talking about the investment in Quasapharco, Tran Bao Minh, Vice Chairman of Nutifood's Board of Directors and new Chairman of the Board of Directors of Quasapharco, said that Vietnam is a very "attractive" country in the eyes of Western countries with the treasures of natural herbs as well as esoteric remedies left from ancient times.

With more than 20 years of research in the nutrition industry and a team of experienced nutritionists at home and abroad, Nutifood wishes to bring the nutritional values of Vietnamese herbs to serve human health. Another is to build brands of Vietnamese herbal products in the international market.

According to statistics, the total seafood production of Vietnam each year reaches about 7 million tons. In which by-products account for about 15-20% (about more than 1 million tons). This is a valuable source of raw materials for using and processing value-added products, bringing great economic efficiency.
By Le Thu/ Kieu Oanh

Related News

Hanoi: Maximum support for affiliating production and sustainable consumption of agricultural products

Hanoi: Maximum support for affiliating production and sustainable consumption of agricultural products

VCN - Hanoi City aims to have clean agriculture by 2030, from land, water to air, and clean the environment, especially rivers. Hanoi must create a difference for agricultural product brands, products must be certified and must build the brand "made in Hanoi".
Paving the way for Vietnamese agricultural products in China

Paving the way for Vietnamese agricultural products in China

VCN - The signing of protocols between the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China has created momentum for many domestic agricultural products. In 2025 and the coming years, participating in cross-border e-commerce channels is considered a potential direction for domestic enterprises to directly approach Chinese consumers.
The wood industry seizes opportunities amid changes in the export market

The wood industry seizes opportunities amid changes in the export market

VCN - According to Mr. Đỗ Xuân Lập (pictured), Chairman of the Vietnam Timber and Forest Products Association, changes in policies in the United States and globally have also opened up significant opportunities for Vietnam's wood industry.
Seafood exports increase competitiveness through quality

Seafood exports increase competitiveness through quality

VCN - The "wave" of orders from a number of large markets and increased consumption demand in the coming months will be the driving force to accelerate seafood exports at the end of the year. Not only racing to increase exports, Vietnamese seafood also increases its competitive advantage by focusing on product quality, seed sources, green transformation in the production process...

Latest News

Sustainable opportunities for Vietnamese goods to penetrate the global market

Sustainable opportunities for Vietnamese goods to penetrate the global market

VCN - The EU market is increasingly setting stronger green standards for imported goods. This not only creates great challenges but also opens up new opportunities for Vietnamese businesses if they know how to transform. So what should businesses do to adapt and take advantage of this opportunity? Vice President of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh (photo) said that to take advantage of this opportunity, businesses need to constantly innovate, update information, improve green production capacity and closely coordinate with management agencies as well as international partners.
Top brands in Việt Nam in 2024 revealled

Top brands in Việt Nam in 2024 revealled

Shopee dethroned Samsung, which held the number one spot for three consecutive years, marking a turning point in Việt Nam’s e-commerce landscape.
Vietnamese catfish exports to hit $2 billion mark this year

Vietnamese catfish exports to hit $2 billion mark this year

Mainland China and Hong Kong (China) remained the largest export markets for Vietnamese catfish.
Is the 12% export growth target for 2025 achievable?

Is the 12% export growth target for 2025 achievable?

This goal follows the positive trade performance in 2024, which saw a continued trade surplus exceeding US$20 billion.

More News

Increase revenue from building a sustainable supply chain

Increase revenue from building a sustainable supply chain

VCN - As environmental, social, and governance (ESG) factors increasingly dominate business strategies, building a sustainable supply chain has become an inevitable requirement for businesses.
Coconut export enter acceleration cycle

Coconut export enter acceleration cycle

VCN - The opening of large markets and the proactiveness of enterprises in investing in deep processing and green transformation will create momentum for the Vietnamese coconut industry to enter a stronger growth cycle in the coming time.
Pepper export value reaches highest level since 2017

Pepper export value reaches highest level since 2017

The Ministry of Agriculture and Rural Development explained the increase in pepper export value is attributed to a significant rise in prices.
Fraudulent planting area codes threaten Việt Nam’s durian exports

Fraudulent planting area codes threaten Việt Nam’s durian exports

China imports over 90 per cent of Việt Nam’s durians, but recently, fraudulent activities involving planting area codes and packaging facility codes have emerged.
Industrial production maintains rapid and throughout bounce back

Industrial production maintains rapid and throughout bounce back

VCN - The industrial production index in 11 months of 2024 continued to recover rapidly and increase steadily in 60/63 provinces and cities, which reveals a good signal for the economy.
Halal Market: The Door is Wide Open, How to Exploit It

Halal Market: The Door is Wide Open, How to Exploit It

VCN - The size of the global Halal economy is estimated to reach USD 7,700 billion in 2025, expected to increase to 10,000 billion USD in 2028. Besides "certification", what do businesses need to effectively exploit the potential of this market?
Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Hữu Hiếu.
Fraudulent planting area codes threaten Việt Nam’s durian exports

Fraudulent planting area codes threaten Việt Nam’s durian exports

China imports over 90 per cent of Việt Nam’s durians, but recently, fraudulent activities involving planting area codes and packaging facility codes have emerged.
Trade remedies protect domestic industries

Trade remedies protect domestic industries

VCN - The Ministry of Industry and Trade has initiated investigations into thirty trade remedies cases and applied twenty two measures to imported goods.
Read More

Your care

Latest Most read
Sustainable opportunities for Vietnamese goods to penetrate the global market

Sustainable opportunities for Vietnamese goods to penetrate the global market

The EU market is increasingly setting stronger green standards for imported goods. This not only creates great challenges but also opens up new opportunities for Vietnamese businesses
Top brands in Việt Nam in 2024 revealled

Top brands in Việt Nam in 2024 revealled

Shopee dethroned Samsung, which held the number one spot for three consecutive years, marking a turning point in Việt Nam’s e-commerce landscape.
Vietnamese catfish exports to hit $2 billion mark this year

Vietnamese catfish exports to hit $2 billion mark this year

Mainland China and Hong Kong (China) remained the largest export markets for Vietnamese catfish.
Is the 12% export growth target for 2025 achievable?

Is the 12% export growth target for 2025 achievable?

This goal follows the positive trade performance in 2024, which saw a continued trade surplus exceeding US$20 billion.
Increase revenue from building a sustainable supply chain

Increase revenue from building a sustainable supply chain

As environmental, social, and governance (ESG) factors increasingly dominate business strategies, building a sustainable supply chain has become an inevitable requirement for businesses.
Mobile Version