Vietnamplus

With a population of 400 million, the Middle East is emerging as a promising market for Vietnamese exporters, according to experts.

The Vietnam Malaysia Business Association (VMBIZ) and Malaysia’s Blue Ocean Capital Group Berhad (BOCGB) signed a Memorandum of Understanding (MoU) on December 20 to bolster collaboration and exchange between enterprises of both nations.

With nearly 2 billion Muslims worldwide and demand for Halal products being worth around 2.3 trillion USD annually, there is potentially a huge market for Vietnamese firms to exploit, experts have said.

Malaysia’s Halal Industry Development Corporation (HDC) is urging Japanese firms to use Malaysia as a gateway to Muslim markets across the region and in the Middle East.