• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Vietnam Eyes Greater Share in Global Halal Market with Emphasis on Standards and Certification

Vietnam Eyes Greater Share in Global Halal Market with Emphasis on Standards and Certification

12/22/2023
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Joeart Ventures Connects West African Hospitality and Floral Artistry to Global Markets at London Leadership Forum

10/08/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Bulsho Fiber CEO Hamza Adam to Represent Kenyan Telecommunications Sector at Global Trade Forum in London

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Elizka Relief Foundation Joins Global Trade Leaders in London to Champion Grassroots Economic Empowerment

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Elizka Relief Foundation Youth Development Lead to Champion Sustainable Trade Frameworks at London Global Convocation

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Action on Africa Woman Foundation Ghana to Highlight Grassroots Economic Empowerment at London Trade Forum

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Jobex Company Ltd to Address West African Resource Supply Chains at London Global Trade Forum

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Jonathan Perry Kweku Ainoo to Represent Jobex Company Ltd at the International Trade Council Global Convocation in London

10/07/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Jobex Company Ltd to Represent West African Mining Supply Sector at London Trade Forum

10/07/2026
APEX Las Vegas 2026 Unites the Full Real Estate Investment Ecosystem Under One Roof, as APEX Announces Its Return to Las Vegas in September 2027 and a Second Chicago Summit in June

APEX Las Vegas 2026 Unites the Full Real Estate Investment Ecosystem Under One Roof, as APEX Announces Its Return to Las Vegas in September 2027 and a Second Chicago Summit in June

10/05/2026
International Trade Council Joins African Mining Week 2026 as Partner

International Trade Council Joins African Mining Week 2026 as Partner

10/05/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Portlink Ghana Limited to Represent West African Logistics Sector at London Global Trade Forum

10/01/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Dedansah Intercontinental Limited Chief Executive Officer Daniel Ansah to Represent Ghana at London Trade Forum

10/01/2026
supplychainreport
Friday, October 9, 2026
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Vietnam Eyes Greater Share in Global Halal Market with Emphasis on Standards and Certification

by Geraldine S.
12/22/2023
in Compliance, Ethical Sourcing, Global Trade, Importing & Exporting, Industry, International Relations, Market Trends, Supply Chain Transparency, Sustainability & Ethics

HANOI — A symposium in Hanoi on Wednesday highlighted the importance of adopting international standards and securing Halal certification as essential steps for Vietnam to tap into the global Halal market effectively. The event, which focused on strategies for sustainable integration into the Halal economy, saw Hà Minh Hiệp, acting Director General of the Directorate for Standards, Metrology and Quality of Vietnam (STAMEQ), outlining the government’s initiative to foster ties with Muslim-majority countries through the Halal industry. The initiative, announced by the Vietnamese Prime Minister on February 14, 2023, aims to “Enhance International Cooperation to Build and Develop Vietnam’s Halal Industry by 2030”.

STAMEQ, alongside the Vietnam Certification Centre (QUACERT), is at the forefront of developing Vietnam-specific Halal standards, seeking global recognition for these certifications, especially in collaboration with international partners like Malaysia. This global endorsement is crucial for Vietnamese producers and exporters aiming to enter the rapidly growing Halal market. Halal certification, which confirms compliance with Islamic law, is a voluntary process evaluated by independent bodies to assure Muslim consumers of the product’s Halal status. It encompasses inspection, auditing, and verification of ingredients, processes, and facilities, including Halal labeling and marketing.

YOU MAY ALSO LIKE

Switzerland Expands Logistics Support for AI Infrastructure

Canada and Europe Expand Critical Mineral Cooperation

The global Halal market, serving over 1.9 billion Muslims, is projected to reach a value of US$5 trillion by 2030. The Halal food segment alone surged to $1.5 trillion in 2023, with expectations to grow to $2.58 trillion by 2027, marking a significant compound annual growth rate (CAGR). Professor Dr. Đinh Công Hoàng from the Institute of African and Middle Eastern Studies expanded on the Halal concept, noting its application beyond food to include healthcare, cosmetics, tourism, and fashion. This broader ethical and transparent approach significantly influences global consumer trends. Hoàng identified Vietnam’s advantages, such as geographical proximity to key Halal markets and a wealth of Halal-friendly commodities, as leverage points for capturing market share. However, challenges like limited Halal awareness among Vietnamese businesses and the complexity of Halal certification processes pose hurdles to market entry.

To overcome these obstacles, Hoàng suggests developing a comprehensive Halal ecosystem in Vietnam, encompassing production, services, logistics, finance, and infrastructure. He also advocates for economic diplomacy with Muslim-majority nations and leveraging regional free trade agreements to enhance Vietnam’s presence in the Halal market. Echoing these sentiments, Dato’s Tan Yang Thai, Malaysia’s Ambassador to Vietnam, emphasized the importance of understanding Halal principles, not only from a religious standpoint but also for hygiene and safety, under the “halalan-toyibban” practice.

To support Vietnamese businesses navigating Halal certification, STAMEQ plans to launch the National Halal Certification Centre, offering certification services and training on Halal standards. This move, along with the development of national Halal standards aligned with international norms, is part of Vietnam’s strategic efforts to position itself as a competitive player in the global Halal market. Vietnam has already established five national TCVN standards in the Halal domain, covering general requirements and practices across agriculture, animal feed, food processing, and conformity assessment, aiming to align with international Halal standards and practices.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#HalalCertification #GlobalHalalMarket #VietnamHalalIndustry #SustainableIntegration #InternationalStandards #HalalEconomy #MuslimConsumerTrends #TradeAndEconomy #FoodAndBeverage #VietnameseExports

ShareTweet

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.