Ceremony to start the development of the new Navico aquaculture project.

Navico invests USD 172 million in high-tech pangasius farm

Nam Việt Joint Stock Company (Navico) started Nam Việt Bình Phú high-tech aquaculture project, considered the country’s largest-ever tra fish farming project, in An Giang Province’s Châu Phú District.

    Châu Phú District

The project is developed by Navico’s Nam Việt Bình Phú Seafood Co, Ltd, on an area of 600 hectares, and will represent a total investment of VND 4 trillion (USD 171.9 million) in the district’s Bình Phú Commune, VNS reported.

Many participants attended the opening ceremony.

One area of the project will be devoted to high-quality fingerlings of tra fish. It will demand an investment of VND 1 trillion (USD 43 million) and an annual capacity of 360 million units for the local market.

Pangasius processing plant.

Another area will use high-tech applications to rear commercial tra fish, with an investment of VND 3 trillion (USD 129 million) and an annual capacity of 200,000 tonnes for export processing.

Navico said one of the project’s aims is to complete a sustainable value chain. The company will have its own supply to meet export processing demand and improve fingerling production.
 

Navico chairman, Đoàn Tới, said the company’s total export value is expected to double to between USD 250 million and USD 300 million, including USD150 million contributed by the Bình Phú project when it comes into operation.

Domestic tra fish industry has suffered fingerling shortages, leading to a lack of raw material for export processing. Over the past three years, the lack of raw materials has increased tra fish price by 66 per cent.

Navico expects this new project will allow them to lower its production costs and increase its products competitiveness.

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Address:	19D Tran Hung Dao Road, My Quy Ward
City:	Long Xuyen
State/ZIP:	An Giang (84)
Country:	Viet Nam
Phone:	+84 76 834 065
Fax:	+84 76 634 054
E-Mail:	[email protected]
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