Deputy Minister of Industry and Trade Do Thang Hai said the ‘three on-the-site’ is a good model, but southern provinces have found it difficult to implement.
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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.
The export promotion forum was held by the Ministry of Industry and Trade (Photo: VietnamPlus)
Hanoi (VNA) – Thanks to trade promotion activities, export markets of Vietnam have been expanded from 72 countries and territories in 2009 to 180 in 2019.
Over the years, Vietnam’s trade has increased continuously. Particularly, amid the complicated developments of
COVID-19 pandemic, foreign trade has still seen fruitful outcomes with surplus reaching a record in the history.
One of the factors contributing to the result is trade promotion, which has supported businesses in increasing exports and popularizing trademarks.
However, in the context of intensive and extensive integration, in order to adapt to the changes of the world economy, especially the
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18/12/2020 10:19 GMT+7
Export revenue in 2020 is estimated to reach $267 billion while imports are to reach $260 billion, resulting in a trade surplus of some $7 billion, according to Deputy Minister of Industry and Trade Do Thang Hai.
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Amid the impact of COVID-19, exports still rose 1 percent and were a bright spot and key foundation for the country’s economy to start the new year, Hai told a forum in Hanoi on December 16 to sketch out trade promotion orientations over the next five years.
xport revenue in 2020 is estimated to reach 267 billion USD while imports are to reach 260 billion USD, resulting in a trade surplus of some 7 billion USD, according to Deputy Minister of Industry and Trade Do Thang Hai.
Estimated Vietnam surplus
Amid the impact of coronavirus, exports still rose 1 percent and were a bright spot and key foundation for the country’s economy to start the new year, Hai told a forum in Hanoi on December 16 to sketch out trade promotion orientations over the next five years.
He underlined that 2020 has been a tough year for all economic sectors, but foreign trade has been profitable.