HANOI: Developing a halal sector in Vietnam is an important task and will be a pillar for the country’s international economic cooperation in the future, Prime Minister Pham Minh Chinh says.
He was speaking at Vietnam’s first national halal conference, organised by the Foreign Affairs Ministry, the Science and Technology Ministry, and the Agriculture and Rural Development Ministry in Hanoi.
The conference introduced Vietnam’s potential and strengths for halal food production practices and discussed opportunities for collaborations with international partners.
It featured more than 350 representatives from domestic and international organisations and businesses, including Muslim businesses and halal certification agencies.
Speaking at the conference, Chinh said: “We consider the development of the halal market as important for economic cooperation, a new pillar, a new driving force in developing relations with countries, especially Muslim countries and communities around the world.
“We attach great importance to the development of the halal sector, identifying this as a new direction in production activities. We consider halal a golden opportunity for Vietnamese enterprises to improve production capacity and strengthen cooperation with partners to effectively participate in the halal market and the global halal value chain.”
Halal food refers to products permitted and considered “lawful” under Islamic law, according to the Food and Agriculture Organization.
It means that goods must adhere to certain Islamic rules regarding the food origins, how animals are slaughtered and how the food is prepared, processed, packaged, transported and stored.
The market value of the global halal industry is estimated to reach US$10 trillion before 2028, according to the Foreign Affairs Ministry.
With the number of Muslim people currently accounting for one-fourth of the world’s population and forecast to reach 2.8 billion by 2050, the global halal industry has enormous growth potential.
Vietnam aims to tap into this agricultural and food sector and lean on the 17 free-trade agreements it has signed to reach the robustly growing market.
Memoranda of understanding and cooperation were exchanged between Vietnamese and international businesses at the conference.
Experts stressed the importance of helping Vietnamese products get certified by authorised halal agencies, which is a crucial step to get access to the global halal market.
“It’s not just about products meeting the requirements, it’s about earning the confidence of Muslim consumers worldwide,” said Mohamed Jinna, chair of Halal India, India’s leading provider of halal certifications, recognised in 120 countries.
“Halal certification is the bridge between Vietnam and the global Muslim community, a bridge that leads to unprecedented trade, partnerships, and investment.”
He urged the Vietnamese authorities and businesses to invest in modernising and standardising the halal certification process. — Viet Nam News/ANN