Vinh Hoan invested additional of 2M USD into its hatchery project
13 July 2022
The Vietnamese pangasius firm has now registered a total VND 148bn, or $6.3m, in its effort to supply reliable juveniles.
Vietnam’s largest exporter of pangasius, Vinh Hoan Corporation, has invested an additional VND 50 billion ($2.1 million) in capital into its nascent hatchery project. The company has now put VND 148bn, or $6.3m, into subsidiary Vinh Hoan Fish Hatchery Company. It holds 98.7% of the charter capital.
Fingerling quality has long been a limiting factor for Vietnam’s pangasius sector, and in 2020, Vinh Hoan said, the firm “perfected the technique and process of effective incubation, which can be applied as soon as the new hatchery is ready for stocking in the third quarter of 2021”
In 2021, the company had budgeted for over $80m in investments over the next several years. As well as the hatchery, it is also working on completing its new feed factory and acquiring and preparing land for a new farming complex.
Source: Undercurrent News (https://www.undercurrentnews.com/2022/07/13/vinh-hoan-puts-2m-more-into-hatchery-project/)