October 18, 2007

DoFi seafood gains approval to build US$4.7 million feed plant in Vietnam

Authorities in Mekong Delta Dong Thap province have approved DoFi Seafood JSC's bid to build an animal feed plant with initial investment of VND75 billion (US$4.7 million).

The plant, covering 2.5 hectares in Tra Quoc Toan IZ, Cao Lanh city, with feed capacity of 150,000 tonnes per year, could be become operational as early as the first quarter of 2008.

Currently, the province is home to 16 seafood processors and animal feed factories, with more projects in the pipeline. 

Demand for space for aquaculture projects has prompted Dong Thap province to adjust its aquaculture plan for 2010.

The province will now allocate 1,430 hectares of alluvium to aquaculture and another 1,212 hectares of water surface to intensive cultivation, up from the current 663 hectares and 1,000 hectares, respectively.

The province currently has eight seafood processing factories with total capacity over 40,000 tonnes a year. The number is expected to double to 17 factories, producing 90,000 tonnes a year by the end of 2007, by then, local factories will need more than 270,000 tonnes of aquatic products for processing.