Vietnam has missed out on 23.6 billion USD in exports to halal markets, according to experts who spoke at a recent seminar on standards needed for halal certification.
Vietnam has missed out on 23.6 billion USD in exports to halal markets. (Photo: thoibaonganhang.vn)
HCM City (VNS/VNA) – 𒊎Vietnam has missed out on 23.6 billion USD in exports to halalmarkets, according to experts who spoke at a recent seminar on standards needed for halal certification.
The event was organised by the HCM City Investment and Trade PromotionCentre (ITPC) on September 16. Director of ITPC Pham Thiet Hoa said the halal certification playsa major role in protecting consumer interests because it not only meetsreligious requirements but also complies with strict food safety and hygieneregulations. Muslims only use halal-certified products. According to recent statistics, there are nearly 1.8 billion Muslimsworldwide, accounting for about 23 percent of the world’s population. Most of them live in Malaysia, Indonesia, Brunei, Saudi Arabia, United ArabEmirates (UAE) and other countries in the Middle East. Since only a few of these countries produce halal products, marketpotential is huge. Entering these markets would improve Vietnam’s ability to sell products and open up greater export opportunities forlocal firms. According to the sales director of the Halal Centre in Vietnam, Ramlan Osman, the halal-related industry includeshalal-certified processed food and beverages, as well as raw materials forprocessing, cosmetics, pharmaceuticals, personal care and health products,logistics and restaurant services. Of the 1.8 billion Muslims worldwide, one billion are from Asia, while 230million of them live in Southeast Asia. The four Asian countries with developing Muslim markets include Indonesia,Pakistan, India and Bangladesh, with 700 million consumers. As the total Muslim population is expected to increase to 27 percent by2050, consumption of halal products would be 15 trillion USD. According to Ramlan Osan, Vietnam has great potentialto develop a halal economy. With the nation’s GDP growth increasing on average of 6 to 7 percent peryear, Vietnam has a strong base for halal industrydevelopment. Vietnam has an advantage in raw materials for halalproduction such as coffee, rice, seafood, spices, beans and vegetables, amongother items. Vietnam is also recognised as an attractive touristdestination, hence the growth in restaurants and hotels satisfyingHalal standards. The most recent statistics show that supply of potential halal productscould be worth 34.1 billion USD, but the figure that Vietnam actually reached was 10.5 billion USD. That means the country has missed out on 23.6 billion USD in exports to the halal market./.
Dong Duong Vina Co., Ltd. is the sole representative of Vietnam at the 16th Malaysia International Halal Showcase (MIHAS), which opened in Kuala Lumpur on April 3.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Vietnam has missed out on 23.6 billion USD in exports to halal markets.
