Vietnam seeks investments from Malaysia’s halal sector

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saigon-halalVietnam wants Malaysians to invest in the halal industry to tap the growing demand for halal products globally, according to Vietnamese Ambassador to Malaysia Nguyen Hong Thao.

He said that Malaysia could use Vietnam as the base for halal food processing and export the products to other parts of the world, adding that Malaysian investors could form joint ventures with their Vietnamese counterparts to set up a dedicated halal park 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 a press conference after witnessing the signing of a memorandum of agreement between Johor-based CHE Group of Companies and Vietnam’s Hau Giang Power Plant Joint Stock Co in Johor Baru on October 23, The Star reported.

“Space is not a problem in Vietnam. We can provide up to 1,000 hectares for the halal park and we have a ready pool of workers,’ Nguyen said, adding 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 $10 billion while the others are from Japan, South Korea, Singapore, Taiwan, the European Union and the US.

“The other sectors that Malaysian companies should consider investing are in construction, infrastructure, property and renewable energy,’’ Nguyen said.

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Reading Time: 1 minute

Vietnam wants Malaysians to invest in the halal industry to tap the growing demand for halal products globally, according to Vietnamese Ambassador to Malaysia Nguyen Hong Thao.

Reading Time: 1 minute

saigon-halalVietnam wants Malaysians to invest in the halal industry to tap the growing demand for halal products globally, according to Vietnamese Ambassador to Malaysia Nguyen Hong Thao.

He said that Malaysia could use Vietnam as the base for halal food processing and export the products to other parts of the world, adding that Malaysian investors could form joint ventures with their Vietnamese counterparts to set up a dedicated halal park 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 a press conference after witnessing the signing of a memorandum of agreement between Johor-based CHE Group of Companies and Vietnam’s Hau Giang Power Plant Joint Stock Co in Johor Baru on October 23, The Star reported.

“Space is not a problem in Vietnam. We can provide up to 1,000 hectares for the halal park and we have a ready pool of workers,’ Nguyen said, adding 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 $10 billion while the others are from Japan, South Korea, Singapore, Taiwan, the European Union and the US.

“The other sectors that Malaysian companies should consider investing are in construction, infrastructure, property and renewable energy,’’ Nguyen said.

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