At the event (Photo: VNA) Hanoi (VNA) – A workshop was held virtually bythe Ministry of Foreign Affairs on August 10 to seek ways to beef upinternational cooperation for the development of Halal industry in Vietnam.
Addressing the workshop, Deputy Minister of Foreign Affairs PhamQuang Hieu said, the event is one of the ministry’s initiatives to boostVietnamese exports to the Halal market and build a strategic and comprehensiveplan for the industry in Vietnam.
The global Halal market is very large but Vietnam’smarket share is quite modest as Vietnamese producers have been struggling toobtain Halal certification, according to participants at the event. Additionally,Halal standards and regulations are increasingly tightened and a Halalcertification is not permanent and equally recognised by countries. Vietnamesefirms are also facing stiff competition from many rivals who have alreadyestablished strong footholds in the Islamic markets.
Despite all these, the global Halal market remainspromising for Vietnam as the country holds competitive edges in foodproduction, tourism, textile and garment, and pharmaceuticals, which are dubbedas pillars of the Halal economy.
It has also signed many free trade agreements (FTAs),including a number of new-generation deals, such as Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), EU-Vietnam FTA(EVFTA), and Regional Comprehensive Economic Partnership (RCEP).
In order to not miss any chance to access the Halalmarket, it is critical for Vietnam to step up international cooperation toshape suitable strategies for the development of the Halal industry./.
Addressing the workshop, Deputy Minister of Foreign Affairs PhamQuang Hieu said, the event is one of the ministry’s initiatives to boostVietnamese exports to the Halal market and build a strategic and comprehensiveplan for the industry in Vietnam.
The global Halal market is very large but Vietnam’smarket share is quite modest as Vietnamese producers have been struggling toobtain Halal certification, according to participants at the event. Additionally,Halal standards and regulations are increasingly tightened and a Halalcertification is not permanent and equally recognised by countries. Vietnamesefirms are also facing stiff competition from many rivals who have alreadyestablished strong footholds in the Islamic markets.
Despite all these, the global Halal market remainspromising for Vietnam as the country holds competitive edges in foodproduction, tourism, textile and garment, and pharmaceuticals, which are dubbedas pillars of the Halal economy.
It has also signed many free trade agreements (FTAs),including a number of new-generation deals, such as Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), EU-Vietnam FTA(EVFTA), and Regional Comprehensive Economic Partnership (RCEP).
In order to not miss any chance to access the Halalmarket, it is critical for Vietnam to step up international cooperation toshape suitable strategies for the development of the Halal industry./.
VNA
