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Barnama
10 hours ago
- Business
- Barnama
Envoy: Malaysia, Vietnam Partnering To Tap Global Halal Economy
Vietnam is ramping up awareness of halal products by hosting a series of seminars this year. Vietnam's HALCERT Director Ramlan Osman says the country has enormous potential to develop its halal exports. Malaysian Ambassador to Vietnam Datuk Tan Yang Thai delivering his speech at the halal seminar in Hanoi on Wednesday. By Vijian Paramasivam PHNOM PENH, June 26 (Bernama) -- Malaysia and Vietnam are poised to forge a smart partnership and leverage their existing economic complementarities to tap into the booming global halal footprint. Malaysian Ambassador to Vietnam Datuk Tan Yang Thai said that entering the halal market requires a deep understanding of its standards and the needs of its consumers, which could be addressed by both nations forming a practical strategy for future long-term growth. bootstrap slideshow Vietnam is racing to capture a slice of the billion-dollar international halal market with its robust agricultural sector exports. 'To accelerate Vietnam's entry, Malaysia proposes a practical and effective strategy. This strategy invites Vietnamese enterprises to leverage Malaysia's established halal infrastructure, including our certification facilities and readily available halal-certified ingredients. 'This approach streamlines the process, allowing Vietnamese businesses to meet international standards more easily and get their products to market faster,' Tan told participants at the Accessing the Global Halal Market - Opportunities for Vietnamese Enterprises seminar in Hanoi on Wednesday. Vietnam's agricultural sector generated RM263 billion (US$62.4 billion) in export turnover last year while recording a trade surplus of RM81 billion (US$18.6 billion). The Vietnam Halal Centre estimates the country can produce RM144 billion (US$34 billion) worth of goods for the Organisation of Islamic Cooperation (OIC) countries. 'Vietnam is an agricultural surplus nation.
The Star
05-05-2025
- Business
- The Star
Vietnam studies nuances and measures for successful halal tourism
HANOI (Bernama-VNA): 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. According to Vietnam News Agency (VNA) with over 1.9 billion Muslims worldwide, Halal tourism is booming. The global Halal tourism market was valued at around US$266 billion in 2023. It is projected to hit US$276 billion in 2024 and soar to US$350 billion by 2030. Rector of the Hanoi College of Commerce and Tourism Dr Trinh Thi Thu Ha noted that Muslim tourism has become a global trend and is playing an increasingly vital role in many countries' tourism sectors. Recognising the vast potential of this market, the Prime Minister approved a national strategy on February 14, 2023, titled "Enhancing international cooperation to develop Vietnam's Halal industry by 2030.' In 2024, the country launched the Vietnam Halal Certification Authority (HALCERT) and introduced national standards for Halal-related products and services. Vietnam's tourism authorities have also ramped up promotional campaigns to attract Muslim travellers. Despite these efforts, Vietnam still lacks sufficient infrastructure and services tailored to Muslim visitors, making it less appealing to this demographic. Director of HALCERT Ramlan Osman emphasised that Muslim-friendly tourism comes with specific criteria. They include Halal-certified food, prayer facilities, services tailored to Ramadan, privacy in entertainment such as gender-separated areas, and family-oriented tour options. He pointed out that one of the biggest challenges for Muslim travelers is food, saying that Vietnamese food is delicious, but if it does not meet Halal standards, they can't eat it. - Bernama-VNA
