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Vietnam seeks investments in Malaysia's Halal sector
Vietnam wants Malaysians to invest in the halal industry there to tap the growing demand for halal products globally, halalpress reported.
Vietnamese Ambassador to Malaysia Professor Nguyen Hong Thao said that Malaysia could use the country as the base for halal food processing and export the products to other parts of the world. He said Malaysian investors could form joint ventures with their Vietnamese counterparts to set up a dedicated halal park there for food processing. “We are keen to develop the halal industry in Vietnam, and Malaysia is the best partner due to its experience and expertise in the halal sector,’’ Nguyen told in a press conference in Malaysia. He said that with a population of 90 million, which is expected to reach 100 million by 2020, the Vietnamese market was also huge for halal food. Nguyen said Malaysia was one of the largest foreign investors in Vietnam with 441 projects worth US$10bil while the others are from Japan, South Korea, Singapore, Taiwan, the European Union and the United States.
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