Vietnam sets sights on developing seafood by-product industry
As a leading global seafood producer and exporter, Vietnam is exploring ways to transform seafood by-products into high-value products.
This aims to enhance the sector's sustainability and profitability and contribute to a circular economy.
Successful Utilisation in Ho Chi Minh City
In Ho Chi Minh City, various enterprises have successfully utilised this potential.
Nguyen Thanh Loc, director of Phuc Loc Co Ltd, said the company buys approximately 60 tonnes of by-products daily from fishing vessels and factories.
It produces 4,000 – 5,000 tonnes of fishmeal yearly, earning revenues of ₫72 billion- ₫90 billion (US$3 million to US$3.9 million).
"With more capital and technology, we could raise protein content to 64% and lower fishmeal imports by 140,000 tonnes annually,"
he added.
Exporting to Japan
Tu Hai Co Ltd in Phuoc Tuang started exporting cleaned, dried fish to Japan at US$10 per kilogramme (kg), bringing in ₫10 billion (US$379,700.00) to ₫12 billion annually (US$455,640.00).
Author's summary: Vietnam develops seafood by-products industry.
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