Vietnam plans to enter the $10 trillion Halal market by 2027, developing legal frameworks and partnerships for international cooperation.
Vietnam aims to enter the lucrative Halal market, with the global Halal economy predicted to reach $10 trillion by 2027 due to the rising Muslim population. The Ministry of Industry and Trade will develop a supportive legal framework for international cooperation, partnerships with Indonesia, Malaysia, and the UAE, and encourage Vietnamese companies to pursue Halal certification and product development.
June 16, 2024
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