In Ho Chi Minh City, Phuc Loc Co. processes about 60 metric tons of fish waste daily from vessels and plants, producing 4,000-5,000 tons of fishmeal per year. Director Nguyen Thanh Loc said revenues r
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each VND 72-90 billion (USD 2.8 million – USD 3.5 million), and with greater access to capital and technology, protein content could be lifted to 64%, cutting Vietnam’s fishmeal imports by as much as 140,000 tons annually. At Tu Hai Co., fish bones once worth only a few cents are now cleaned, dried and exported to Japan at USD 10/kg, generating VND 10-12 billion each year. CEO Dao Quoc Tuan said demand is rising but supply is limited. The Southern Research Institute of Fisheries is also converting low-value crab into canned paste and chitosan powder, which sells for up to USD 1,000/kg in pharmaceutical and agricultural markets. Beyond feed and industry, byproducts are finding niche uses. Hai Lan Co. in Ba Ria turns discarded shells into souvenirs and jewelry priced from VND 40,000 to VND 20m apiece, and has signed an MoU with OSB Investment & Technology JSC to sell via Alibaba’s e-commerce platform. Sector forecasts highlight scale Agriculture and environment authorities ...