The global Halal industry is expanding rapidly, but Vietnamese exporters have yet to fully capitalise on its opportunities. Experts believe Vietnam needs a comprehensive, long-term strategy to develop its Halal sector, covering certification, market access, and capacity building.

VOV.VN - A seminar was held in Ho Chi Minh City on August 7 to examine export prospects for Vietnamese businesses to tap into the global Halal market via Malaysia.

The global Halal market, catering to Muslim consumers, presents significant export opportunities for Vietnamese businesses, particularly in sectors such as agriculture, food, cosmetics, textiles, and pharmaceuticals.

A seminar on Vietnam–Singapore Halal trade has been held recently in a hybrid format, aiming to highlight Vietnam’s potential and attract foreign investment in Halal-related industries.

VOV.VN - Despite holding huge potential to access the US$2 trillion global Halal food market, Vietnam has yet to fully meet global Halal food demand, while currently satisfying less than 10%, but plans are underway to enhance its role in this fast-growing industry.

VOV.VN - Expanding the export of Halal products to Indonesia offers big opportunities for Vietnamese companies while demanding strict compliance with quality and certification standards.

With the US imposing reciprocal tariffs on exports, many Vietnamese firms are pivoting to the burgeoning global Halal market to diversify their revenue streams and boost export growth.

To tap into the growing Halal market, Vietnam must develop a Halal product ecosystem meeting quality and certification standards, according to experts.

Vietnam recently showcased its certified halal products at the Melaka Halal Festival 2024 in Malaysia, a move to expand its presence in the global halal market.

Vietnam’s agro-forestry-aquatic product exports are projected to surpass US$62 billion this year, with a record trade surplus of US$18.6 billion, marking a new milestone for the sector.