Mavin Group, a joint venture between Vietnam and Australia, has received permission to build a farm raising marine fish for exports in Vietnam’s Mekong Delta province of Kien Giang.
The company will invest USD 30 million (EUR 27 million) to build the project on 2,000 hectares in Kien Hai islands district, farming 30,000 metric tons per year of grouper, barramundi, and pompano, Mavin said in a statement.
The farm is expected to become operational in 2021. Mavin said it will use round cage technology from Norway, feeding and controlling technology from France, and fish harvesting technology from Australia for the project.
"With the purpose of exporting, Mavin will put high attention in environment controlling and traceability of origin, meeting recommendation of European Community (EC) on combating illegal seafood exploitation," said the statement.
On Friday, 2 August, Mavin did not reply to a request inquiring when construction of the farm will begin.
Mavin has also signed a memorandum of understanding with the Kien Giang government to explore the possibilities of building a fingerling production center, an aquafeed manufacturing plant with capacity of 300,000 tons per year, and a seafood processing plant with capacity of 30,000 tons per year.
Mavin said the farm and the three other projects will cost about USD 50 million (EUR 45 million) in total.
According to the company, it owns factories for animal feed, veterinary services, and food processing in several provinces across Vietnam.
Mavin’s farming project is similar to the model that Vietnam, a country with a coastline of more than 3,260 kilometers (2,026 miles) and numerous islands and bays, is looking for in its expansion of sea aquaculture. In a draft national strategy for marine aquaculture development through 2030 which will be submitted to Prime Minister Nguyen Xuan Phuc for final approval, Vietnam aims to deepen ties with top aquaculture countries, including Norway, Denmark, Japan, the United States, and Australia. Investors from these countries will be welcomed to transfer modern aquaculture technologies to Vietnam.
Image courtesy of Khanh Hoa Online
