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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.
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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.
