Indonesia’s Halal market offers major opportunities for Vietnam
Official says two countries strengthening economic cooperation toward sustainable, mutually beneficial development
HO CHI MINH CITY, Vietnam (MNTV) – Expanding the export of Halal products to Indonesia offers big opportunities for Vietnamese companies while demanding strict compliance with quality and certification standards, Voice of Vietnam reports.
Trade between the two countries reached $4.2 billion in the first quarter of 2025, up 17% year-on-year. Vietnam’s exports totaled $1.4 billion, mainly consisting of coffee, raw plastics, steel, and textiles. However, trade potential remains largely untapped.
In Ho Chi Minh City alone, trade with Indonesia stood at $1.6 billion in 2024, a 23% increase from the previous year, underscoring the need to further intensify trade activities.
With a population of over 280 million, mostly Muslims, Indonesia is the world’s largest Halal market, offering tremendous potential for Vietnamese exports. Nevertheless, strict Halal standards and complex certification procedures present significant challenges.
A seminar on promoting international cooperation in the Halal industry between Vietnam and Indonesia was held earlier this week in Ho Chi Minh City by the Investment and Trade Promotion Center (ITPC) in collaboration with the Indonesian Consulate General.
In his speech, Tran Phu Lu, Director of ITPC, said Vietnam and Indonesia are strengthening economic cooperation toward sustainable and mutually beneficial development.
At the event, Agustaviano Sofjan, Consul General of Indonesia in Ho Chi Minh City, emphasized that the upgraded ties between Vietnam and Indonesia lay a solid foundation for expanding cooperation. He noted that collaboration in the Halal industry will be a priority, serving not only the Muslim community but also global consumers who value quality and safety standards.
He said Indonesia is ready to share its experience and assist Vietnam in developing Halal products, particularly in food processing, cosmetics, tourism, and financial services. He also urged businesses to actively connect and explore cooperation opportunities.
Soneta Asmara, Indonesian Consul for Economic Affairs in Ho Chi Minh City, remarked that amid global supply chain fragmentation, enhancing bilateral and regional linkages is crucial for driving growth. She pointed out that Indonesia and Vietnam are emerging as key growth engines in ASEAN, supported by young populations, rapid urbanization, strong infrastructure investment, and robust foreign direct investment inflows.
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