Navico injects additional USD 1.6 million into collagen, gelatin plant

Published on
August 25, 2022
A Navico booth at a trade show.

An Giang, Vietnam-based pangasius firm Nam Viet Joint Stock Company (Navico) will invest an additional VND 38 billion (USD 1.62 million, EUR 1.63 million) in its collagen and gelatin plant being built in the south of Vietnam, according to a company resolution passed 20 August.

The additional funds will help raise the charter capital of Amicogen Nam Viet, a joint venture between Navico and South Korean Amicogen created to implement the project, to VND 84.48 billion (USD 3.61 million, EUR 3.62 million) ... 

Photo by Toan Dao/SeafoodSource

Contributing Editor reporting from Hanoi, Vietnam

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