PM Pham Minh Chinh speaks at the first national Halal conference, Hanoi, October 22, 2024. (Photo: VGP/Nhat Bac)

The conference introduced Vietnam’s potential and strengths for Halal food production practices and discussed opportunities for collaboration with international partners. It drew more than 600 delegates from domestic and international organizations and businesses, including Muslim businesses and Halal certification agencies.

"Vietnam considers the Halal sector a new pillar and new driving force in developing relations with countries, especially Muslim countries and communities around the world. It is a new direction in production activities and provides 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,” said PM Chinh.

Vietnam aims to develop the Halal industry on the basis of respecting cultural values, contributing to building a world of peace, cooperation, harmonious diversity, and joint development, according to Mr. Chinh.    

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. The market value of the global Halal industry is estimated to reach 10 trillion USD before 2028,  according to the Ministry of Foreign Affairs.