Vietnamese firms have big opportunity to increase Halal product exports
The market for Muslims in Malaysia in particular and the Halal market in general has a lot of development potential, offering a good opportunity for Vietnamese exporters, heard a seminar in Ho Chi Minh City on May 31.
ITPC Deputy Director Dao Minh Chanh speaks at the event. (Photo: VNA)
HCM City (VNA) - The market for Muslims in Malaysia in particular and the Halal market in general has a lot of development potential, offering a good opportunity for Vietnamese exporters, heard a seminar in Ho Chi Minh City on May 31.
The seminar, jointly held by the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC), the Malaysian Consulate General in the city, and the National Trade Promotion Agency of Malaysia (MATRADE), aimed to seek ways to promote the export of Halal products of Vietnamese enterprises to Malaysia and other Islamic markets.
ITPC Deputy Director Dao Minh Chanh said that there remains ample room for economic, trade and investment cooperation between Vietnam and Malaysia. Two-way trade increased from 7.2 billion USD in 2011 to 12.67 billion USD last year, and the two countries are striving to raise the number to 25 billion USD by 2030.
Malaysian Consul General in Ho Chi Minh City Firdauz Othman said that the Muslim population is forecast to increase from 1.8 billion in 2017 to 3 billion in 2060. As for Halal food, the market is growing at a very fast pace, expected to reach a value of about 4.5 trillion USD by 2030.
Today, Halal standards have been accepted globally, especially in terms of hygiene and safety, he said, adding that this has brought great opportunities for many countries, including Vietnam, to proactively approach the Halal market.
✃ To exploit this market’s potential, Vietnamese businesses need to proactively learn about and develop Halal-certified products, and participate in trade promotion programmes for Halal products, he recommended./.
Visakan Investment and Biotechnology Development Joint Stock Company (Visakan) on May 2 held a ceremony in the northern province of Bac Ninh to mark its first shipment of veterinary medicine valued at over 200,000 USD to Indonesia - a Halal market.
A seminar took place in the Central Highlands province of Gia Lai on April 5 to explore prospects and solutions to developing the Halal industry in the central and Central Highlands regions.
A webinar was held by the Export Support Centre under the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency on November 3 to seek ways promoting the export of farm produce, processed and Halal food to Indonesia.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
