Danish feed company takes major share in Vietnam shrimp manufacturer

BioMar, the Denmark-headquartered feed company, has acquired a majority share in the Vietnamese Viet-Uc Seafood Corporation, with activities in shrimp hatcheries, fish hatcheries and shrimp farming.

Viet-Uc Seafood's shrimp factory in the southern provinces. Photo: Viet-Uc

The deal between the Danish company with Viet-Uc Seafood aims to expand the market for high-end feed products - focusing on sustainability, traceability, quality and performance, according to the Fish Site.

“Considering the performance and agility of the Vietnamese shrimp industry during the last decade, and not least during this last year of pandemic, I am sure the market holds great potential for growth,” said Carlos Diaz, CEO of BioMar Group.

Looking at market forecasts and the increasing consumer focus on healthy and sustainable seafood, the Danish group expects there will be an increasing market share for high-end feed, ensuring farmers can deliver certified products towards global retail channels.

Adding Vietnam into the equation will enable BioMar to build a strong relationship both to Vietnam and the nearby countries, as well as creating benefits from the relation between genetic and nutritional development. 

“Partnering with one of the leading companies within this field to develop high performance feeds, concepts and value chain collaborations makes a lot of sense, in order to promote a positive development of the shrimp industry,” Diaz said.

Last year, BioMar signed a memorandum of understanding with Viet-Uc Seafood with the aim of establishing a partnership on aquafeed production in Vietnam, which will help Vietnam’s shrimp production be clean and traceable. 

In 2020, Viet-Uc Seafood launched a high-tech shrimp farm in the northern province of Quang Ninh, and currently operates eight other hatchery facilities in the southern and central regions.