Hanoi, April 23 -- With the US imposing reciprocal tariffs on exports, many Vietnamese firms are pivoting to the burgeoning global Halal market to diversify their revenue streams and boost export growth. Trade experts highlighted the Halal economy's massive potential, fuelled by a large consumer base, rising spending, and economic diversity, with forecasts pegging its worth at 10 trillion USD by 2028. The 2024 Global Halal Food Market Report by Cognitive Market Research valued the Halal food sector at over 2.548 trillion USD in 2024, set to nearly double to 4.934 trillion USD by 2031, with a 9.9% annual growth rate. Demand for Halal-certified products is surging, not only in Muslim-majority countries but also in markets like China, home t...
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