Halal food market: great opportunity for Vietnamese agricultural products

Halal food market: great opportunity for Vietnamese agricultural products

According to the Ministry of Industry and Trade (MoIT), the demand for Halal food in the world is increasing, not only among the Islamic community but also non-Muslims. The current global trade in Halal food is estimated at US$80 billion, accounting for about 12 percent of all global trade in agricultural and food products. This brings promising opportunities for enterprises importing and exporting agricultural products and foods in Vietnam.
Vinamilk exports ten containers of plant-based milk to China in the early days of 2021. (Photo: VNA)

Vinamilk exports plant-based and condensed milk to China

Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market.
 
The production of dairy products at Nutifood. (Photo: SGGP)

Vietnamese enterprises aim at billion-US-dollar markets

Regarding the export target of above US$285 billion this year, an increase of 8 percent over last year, many enterprises said that this target is hard to achieve, especially amid the context that many markets have been putting up several technical and trade barriers for goods exported from Vietnam.
Dairy factory Driftwood of Vinamilk in the US.

Vietnamese enterprises go abroad

Not only expanding the export market, in recent years, several enterprises have also boldly increased building modern factories in foreign countries or acquired foreign enterprises right in the host countries. With such aforesaid strategy, several enterprises have step by step fortified their positions as well as the market share of Vietnamese products in global market.
A factory of Vinamilk (Source: Vinamilk)

Vinamilk makes it to Forbes Asia’s Best Over A Billion list

Vietnam’s biggest dairy producer Vinamilk has made it to Forbes Asia's inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion or more.