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22/04/2021 12:47 GMT+7
Vietnamese firms have chance to reach out to Halal market
Global demand for Halal product is increasing. (Photo: halalvietnam.vn)
Vietnamese food processors have opportunities to tap into the billion-USD Halal market when attending a hybrid exhibition on Halal products and processed food scheduled in late May in Singapore.
The Food and Agriculture Organisation of the United Nations (FAO) in Vietnam estimated that the Halal market is growing rapidly, with Muslim consumers worldwide spending 1.4 trillion USD on Halal food, and the figure expected to be ten times higher in 2050.
Monday, April 19, 2021, 11:30 GMT+7
A Lotteria restaurant in Vietnam. Photo: Ngoc Phuong / Tuoi Tre
Lotteria Vietnam has said that it will continue its business expansion in Vietnam amid Korean media reports of its closedown over a net loss of nearly US$9 million.
The company, which is operated by Lotte GRS under South Korea’s Lotte Group, dismissed a media report that it would cease operations in Vietnam, a spokesperson told
Tuoi Tre (Youth) newspaper on Saturday.
There is an inaccurate understanding of the Korean media report, the Lotteria Vietnam spokesperson added.
Lotteria Vietnam is proceeding with its normal business while an expansion is underway.