Vietnam and the MENA regions join hands to developing for the Halal industry
Thứ Hai, 27/11/2023
Dr. Dinh
Cong Hoang
Head of Department for Cooperation Development
Institutes
for Africa and Middle East Studies (IAMES)
Vietnam occupies a strategic position within the Southeast
Asian region due to its membership in ASEAN, a regional organization composed
of a variety of nations, including Islamic countries such as Indonesia,
Malaysia and Brunei. This region is also of great importance for Islam, as more
than three-fifths of the population practice this faith. Presently, there is an
increasing global demand for halal products and services. Vietnam has numerous
advantages for the production and exportation of halal products, such as an
abundance of natural resources, a wide range of agricultural and aquatic
products, a skilled workforce, and a geographically advantageous location with
multiple seaports. However, Vietnam's halal industry is still in its infancy
stages and encounters various challenges, including the lack of standards,
certification, awareness, and access to the market. To overcome these hurdles
and take advantage of the potential of the halal economy, Vietnam can draw
lessons from the experiences of and collaborate with the Middle East and North
Africa (MENA) region, which has a rich history and expertise in the halal
industry. An approach to bolster cooperation between Vietnam and the MENA
region is to encourage trade and establish agreements such as free trade
agreements (FTA) and comprehensive economic partnership agreements (CEPA). The
attraction of investors from the MENA region to Vietnam's halal sector can also
prove beneficial. This collaboration has the potential to improve global halal
product exports, thereby fostering economic development and promoting mutual
understanding between the two regions. Furthermore, it can contribute to
cultural and social integration within the diverse religious and cultural
landscape, including the Muslim community in Vietnam.