Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics
Indonesia, a Muslim-majority country, is eager to share its expertise in Halal standards and looks forward to collaborating with Vietnam in sectors such as food processing, cosmetics, tourism, and Halal financial services, said Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City.
Sofjan made the remarks at a workshop titled "Promoting international cooperation in the Halal Industry between Vietnam and Indonesia," organized by the Investment and Trade Promotion Centre of HCMC (ITPC) and the Indonesian Consulate General on Monday.
"The Halal industry is a key area of cooperation, not only to serve the needs of the global Muslim community but also to appeal to international consumers who value quality and safety. As an Islamic country, Indonesia is ready to share its experience in Halal standards and to work with Vietnam in areas such as food processing, cosmetics, tourism, and Halal finance,” he said.
Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City, speaks at a workshop in HCMC, April 28, 2025. Photo courtesy of the Investment and Trade Promotion Centre of HCMC.
At the event, Tran Phu Lu, director of ITPC, highlighted that Vietnam’s export activities are expected to continue facing challenges, including weakening global demand, rising raw material prices, high logistics costs, and increasing competition from other countries in the region.
He encouraged businesses to innovate and tap into emerging markets like the Halal sector to expand their export reach and reduce dependency on traditional markets.
According to industry research, the Halal industry remains significantly underexploited. By 2030, the global Halal market, including food and beverage (F&B) and other sectors, is projected to be worth $10 trillion. The F&B segment alone is expected to hit $5.91 trillion by 2033, added Lu.
Data from the General Department of Customs show that in the first quarter of 2025, bilateral trade between Vietnam and Indonesia reached $4.2 billion, a 17% increase year-over-year.
Vietnam’s exports to Indonesia totaled $1.4 billion, driven by key products such as coffee, raw plastics, iron and steel, textiles, and mobile phones and components. Despite this growth, the trade volume still falls short of the potential between the two ASEAN powerhouses.
Indonesia, with a population exceeding 280 million, most of whom are Muslim, is the world’s largest Halal market. This presents a valuable opportunity for Vietnamese companies to export Halal-certified products. However, meeting the country’s strict Halal standards and navigating its complex certification procedures remain major hurdles.
Nguyen Ngoc Hang, marketing director of Halal Certification Agency (HCA) Co., Ltd., shared details on Indonesia’s Halal product regulations. The Indonesian Halal Product Assurance Agency (BPJPH) mandates that most imported and domestically traded products be Halal-certified. Non-compliant goods must clearly be labeled as “Non-Halal.”
Under Indonesia’s Regulation No. 42/2024, labeling requirements for imported goods and services will be enforced by the Ministry of Religious Affairs, with full implementation expected by October 17, 2026.
Vietnamese businesses can obtain Halal certification through BPJPH-recognized organizations like HCA. The certification process includes a document review, on-site inspections, and compliance with SJPH Standard No. 20/2023.
Once certified, businesses must register with Indonesia’s SIHALAL system and follow labeling rules, including displaying the official BPJPH and HCA Halal logos.
- Read More
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7




















