The signing of multiple trade cooperation agreements between Vietnam and Middle Eastern countries in late 2024 has opened new opportunities for Vietnamese goods to enter the Halal market, creating strong momentum and prospects for Vietnamese businesses, particularly those operating in agriculture.

The global Halal tourism sector is a billion-dollar opportunity, an emerging market brimming with untapped potential. As one of Vietnam’s leading tourism destinations, Hanoi is wasting no time in tapping into this growing space.

With aspirations to become a locality that successfully develops tourism respectful of Muslim culture and visitor needs, the northern province of Quang Ninh is seeking support, collaboration, and shared efforts to build a thriving Halal tourism sector.

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.

Recognising the great potential of Muslim tourists from the Middle East, the capital city of Hanoi is preparing the necessary conditions to proactively attract this unique market segment.

Halal tourism presents a promising opportunity driven by rising global Muslim travel demand, and while Vietnam is beginning to tap into this market, it still faces challenges in meeting its unique cultural and religious needs.

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.

An international conference on the prospects of Halal tourism development in Hanoi was held in the capital city on April 15.