Mavin to invest in a large scale marine fish farming project in Kien Giang

August 12, 2019 Facebook Twitter LinkedIn Google+ Aquaculture News,News-Global

On 29 July 2019, at Investment Promotion Conference of Kien Giang province, Mavin Group was given the Investment Policy of the Exporting Marine Fish Farming Project in Kien Hai district. The Project’s marine area is 2,000 ha with total investment of 30 million USD. 

In Vietnam, natural marine fish resource is decreasing, making marine fish farming become compulsory and pose great potential to provinces such as Kien Giang. Capturing this trend, Mavin has research to invest in a large scale farm, which applies modern European technology to produce high quality fishes and serve the domestic market as well as overseas.

The Project invested by Mavin in Kien Giang has a marine area of 2,000 ha, raising high value fishes such as grouper, barramundi, pompano with designed capacity of 30,000 tones per year. With total investment of 30 million USD, the project is expected to go into operation from 2021. The project applies modern marine farming technology of the world such as: round cage aquaculture technology of Norway, feeding and controlling technology of France, fish harvesting technology of Australia. 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 (IUU).

Beside this marine fish farming project, Mavin Group also signed an MOU with Kien Giang Province on implementing the research for investing in:
(i) Marine fish breeding center
(ii) Marine Aquafeed manufacturing plant with capacity of 300,000 tones/year
(iii) Seafood processing plant with capacity of 30,000 tones/year.

Total investment of these projects is 50 million USD. The implementing of these projects will enable Mavin Group complete the supply chain in Kien Giang with full process of breeding, aquafeed to seafood processing for export, which will optimize the production process and cost. These projects will also make Kien Giang become the largest center for marine fish farming of South East Asia.

Beside marine fish farm, Mavin is investing in farms in hydropower reservoirs of Hoa Binh and Tuyen Quang provinces, applying European farming technology, serving export. These projects have been exploited and the project’s freshwater tilapia products have been marketed and well received.

Mavin Group is a joint venture between Vietnam and Australia and is one of a few companies in Vietnam having full supply chain “From Farm to Table”. Mavin owns factories of animal feed, veterinary, food processing in Hung Yen, Ha Nam, Nghe An, Binh Dinh, Tien Giang, Dong Thap. Mavin is one of 3 leading husbandry enterprises of Vietnam, leads the trend of applying 4.0 technologies and close farm model to contract with a hundred of farmers nationwide and invest in large scale farm of swine, aqua and poultry.