With the global Halal economy estimated at 7,700 billion USD by 2025, expected to increase to 10,000 billion USD by 2028, Halal is considered a large and potential market for Vietnamese businesses.
With the ability to export over 50 billion USD of agricultural products each year and having built supply chains, this will be an opportunity for Vietnamese agricultural and aquatic products to enter the Halal market if there is a systematic and effective investment, creating momentum for agricultural economic development.
Affirming the potential and advantages of this market block, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said: To continue expanding the export of agricultural and aquatic products, in addition to the markets of China, the US, Japan, the European Union (EU) … The Ministry of Agriculture and Rural Development will focus on exporting agricultural and aquatic products to Halal markets, the Middle East …; especially livestock and aquatic products.
According to Deputy Minister Phung Duc Tien, although agricultural and aquatic products have been exported to many markets and trade promotion has been effective, Vietnam must enter demanding and specific markets such as the Halal market, so that Vietnamese agricultural products can have more segments, more markets, and higher export turnover. Currently, there are more than 2 billion Muslims in the world. Many Muslim countries are actively participating in the global Halal market – a market that requires many specific and very strict requirements. Daily foods must be certified according to Halal standards.
Mr. Truong Xuan Trung – Vietnam Trade Counselor in the United Arab Emirates (UAE) assessed: Vietnam is one of the world’s leading countries in exporting agricultural and aquatic products and processed agricultural products such as: rice, tea, cashew nuts, coffee, pepper, vegetables, fruits, etc., along with beverage products. Vietnam is located in the Southeast Asia and Asia regions with a large concentration of Muslim populations such as Indonesia, Malaysia, the Middle East, etc.
In addition, Vietnam has a policy of developing relations with Middle Eastern and African countries; including promoting cooperation in production, import, and Halal certification. This is also a favorable condition for Vietnamese enterprises to export products to the Halal market.
According to Mr. Truong Xuan Trung, the scale and demand of the Halal market are very large. If looking at the growth figures on consumption of main product groups in the UAE market, Vietnam has strengths in product groups such as agricultural products, processed agricultural products, and cereals. To further promote the export of Vietnamese products to the Halal market, Vietnamese enterprises must have Halal certificates to meet export standards to Muslim countries.
According to experts, although it is a large, potential market with favorable geographical location, Vietnamese goods in general, and agricultural and aquatic products in particular, entering the Halal market are only at the initial stage of exploration. Each year, Vietnam has about 50 companies granted Halal certification with main products being seafood, beverages, canned foods, confectionery, vegetarian food and pharmaceuticals. If well utilized and promoted, it will help Vietnamese agricultural and aquatic products firmly participate in the Halal product market.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that to bring agricultural products; especially Vietnamese livestock products entering the Halal market, enterprises need to closely coordinate with state management agencies, specialized units of the Ministry of Agriculture and Rural Development such as: Department of Livestock, Department of Veterinary Medicine, Department of International Cooperation… to approach and gradually complete the process, remove technical barriers, and soon bring livestock products, typically Vietnamese chicken meat, into the Halal market. Deputy Minister Phung Duc Tien requested that enterprises must have a specific plan and schedule for each task and content so that specialized agencies of the Ministry of Agriculture and Rural Development can promptly support the entire production process from: breeding animals, barns, feed, slaughter… to be completed in accordance with Halal standards.
Gia Hung
Source: baomoi.com
