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Exports

Vietnamese Businesses Tap into Halal Market Opportunities

Strategic Insights

— 2 min read

As the Middle East continues to grow its demand for imported food, Via ++t Nam sees an opportunity to increase its agricultural and aquatic product exports to the halal market, catering to a quarter of the world's population. According to Deputy Minister Phung Aa (c)c Tiao?n, products entering this market must comply with Islamic laws, particularly for items such as food and cosmetics. Local seafood processing and export enterprises are adapting necessary technologies to bring their products into the halal market.

Key Takeaways:

  • Via ++t Nam has signed multiple trade cooperation agreements with Middle Eastern countries, opening up new opportunities for Vietnamese goods to enter the halal market.
  • The halal market serves a quarter of the world's population, presenting a significant opportunity for Via ++t Nam's agricultural and aquatic products as well as its food processing industry.
  • Vietnamese seafood companies are actively pursuing strategies to expand into new markets, mitigating risks associated with overreliance on traditional markets.
  • Minh Phu Group has obtained halal certification and is boosting shrimp exports to the halal market, while VA(c)nh Hoan Corporation and Bia fn Aong Seafood Co., Ltd. are expanding their presence in this market.
  • To Tha ng Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), noted that Via ++t Nam's production standards, such as VietGAP, GlobalGAP, and HACCP, are largely aligned with halal requirements, providing a solid foundation for the halal certification process.
  • Recent agreements between halal management agencies in Via ++t Nam, Malaysia, and Indonesia aim to promote mutual recognition of halal certificates and facilitate smoother market access.
  • Major food enterprises such as Vinamilk, Bibica, and Cholimex Food JSC have obtained halal certification and are exporting high-quality halal-certified products to Muslim markets, with Vinamilk successfully winning over consumers in the Middle East.
  • Le Chau HaoPSi VA(c), a consultant and improvement specialist at the Ministry of Industry and Trade (MoIT), emphasized the importance of halal certification as a mandatory "entry pass" for food processing and export businesses to access markets in Muslim countries.

Statistics:

  • A quarter of the world's population is served by the halal market.
  • Vietnamese seafood companies are actively exploring expansion into new markets to mitigate risks.
  • Minh Phu Group has obtained halal certification and is boosting shrimp exports.
  • VA(c)nh Hoan Corporation and Bia fn Aong Seafood Co., Ltd. are expanding their presence in the halal market.
  • Recent agreements between halal management agencies in Via ++t Nam, Malaysia, and Indonesia aim to promote mutual recognition of halal certificates.

Sources:

  • Deputy Minister of Agriculture and Environment Phung Aa (c)c Tiao?n
  • To Tha ng Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP)
  • Le Chau HaoPSi VA(c), a consultant and improvement specialist at the Ministry of Industry and Trade (MoIT)
  • General Director of Vietnam Agriculture Joint Stock Company Nguya ...n VAfn Ha

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