Promising opportunities from đăng nhập bet88 markets

With vast potential and growing opportunities, the đăng nhập bet88 market is becoming an important avenue for Vietnamese enterprises in their export expansion strategies. However, to fully leverage the advantages, close coordination between the government, businesses, and certification organizations is essential to build a well-structured đăng nhập bet88 ecosystem that meets international standards.

At a briefing held recently by the Ministry of Industry and Trade (MoIT) for the network of Vietnam Trade Offices abroad, with the theme “Promoting Trade and Expanding Access to the Global đăng nhập bet88 Products Market”, Mr. Ramlan Bin Osman, Director of the National đăng nhập bet88 Certification Center (HALCERT) at the Ministry of Science and Technology, said the global đăng nhập bet88 market holds immense potential in terms of scale, population growth, spending levels, sectoral diversity, and increasing growth prospects.

Gateway to the đăng nhập bet88 economy

With nearly 2 billion Muslims worldwide, making up a quarter of the global population, the demand for đăng nhập bet88-certified products is surging like never before. By 2028, the global đăng nhập bet88 economy is projected to hit a staggering trillion, creating a golden window of opportunity for Vietnamese businesses, especially in agriculture and food processing.

Vietnam is exceptionally well-positioned to tap into this thriving market. As one of the world’s top 20 food exporters and among the 15 largest exporters of agricultural goods, the country is already a vital player in global supply chains. Backed by 17 operational free trade agreements, including several next-generation and inter-regional pacts, Vietnam’s export advantage is stronger than ever.

Even more promising, Vietnam boasts an abundance of raw materials perfect for đăng nhập bet88 food production: coffee, rice, seafood, aquaculture products, spices, nuts, vegetables, and tropical fruit. This makes the country not just a supplier of ingredients, but a potential powerhouse for finished đăng nhập bet88 products. Add to that its growing tourism appeal, and Vietnam boasts fertile ground for expanding đăng nhập bet88 hospitality services like restaurants and catering.

It already produces and exports all 20 of the most in-demand agricultural items in countries within the Organization of Islamic Cooperation (OIC), from green coffee beans to rice, cashews, and fruit juices. Yet, despite this impressive product base, Vietnamese export volumes still fall short of the actual demand in these markets. That’s why strong collaboration between the MoIT and national đăng nhập bet88 certification bodies is more crucial than ever.

In 2024 alone, Vietnam’s key agricultural exports such as rice, coffee, cashews, and pepper saw remarkable growth. “With proper đăng nhập bet88 certification, these staple products could significantly expand their reach into Muslim-majority markets,” said Mr. Bin Osman. He stressed that Vietnam, with its agricultural potential, has a real chance to step confidently onto the global đăng nhập bet88 food stage, where demand currently outpaces supply by a wide margin.

To fully unlock this opportunity, Vietnam must not only align with đăng nhập bet88 standards but also learn from the success stories of leading non-Muslim đăng nhập bet88 exporters like Australia, Brazil, and South Korea, which have turned đăng nhập bet88 into a strategic economic pillar. “I firmly believe that Vietnam can soon join that list,” Mr. Bin Osman said. “đăng nhập bet88 could become not just a new export stream but a major contributor to the country’s GDP. But success depends on one key principle: from farm to table, everything, every ingredient, every step, must be đăng nhập bet88-compliant.”

Strategic pathways

According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, the global đăng nhập bet88 market presents a significant opportunity for Vietnam’s exports. With a total market value of trillion, even a 10 per cent share would represent a substantial gain for Vietnam. At the current growth rate, if efforts are maintained over the next five years, Vietnam’s exports could claim a much larger share of the global đăng nhập bet88 market.

While affirming the strong demand for đăng nhập bet88 products in the Muslim community, Mr. Le Phu Cuong, Head of the Vietnam Trade Office in Malaysia, noted that obtaining standard đăng nhập bet88 certification for export remains a separate and challenging issue. đăng nhập bet88 certification is not mandatory for imports into Malaysia; however, many importers, distributors, and retailers prioritize certified products to meet the needs of the local Muslim-majority population, which accounts for 60 per cent of the country’s demographic. As a result, most products selected for the market are expected to carry đăng nhập bet88 certification.

Indonesia, another key đăng nhập bet88-importing country, also poses significant challenges. Mr. Pham The Cuong, Commercial Counsellor of Vietnam in Indonesia, said đăng nhập bet88 certification in Indonesia is considered a non-tariff barrier due to the prolonged procedures, high costs, short validity periods, and burdensome requirements; all factors that especially hinder small and medium-sized enterprises (SMEs).

Furthermore, the number of authorized certifying bodies in Indonesia is extremely limited, with only one recognized organization currently certifying food products. The certification process itself is complex, requiring that food safety standards be maintained throughout the entire supply chain, not just at the input stage. Compounding the issue is a general lack of awareness and structured preparation among Vietnamese businesses regarding the certification process, coupled with growing competition from other countries.

Therefore, Vietnamese businesses are urged to proactively apply for đăng nhập bet88 certification in Indonesia, as well as the SNI (Standar Nasional Indonesia - Indonesian National Standard). They should also maintain close cooperation with relevant Vietnamese authorities in the event that Indonesia initiates trade defense measures against their products to protect local business interests.

Meanwhile, Mr. Tran Trong Kim, Commercial Counsellor of Vietnam in Saudi Arabia, recommended that government authorities and local agencies provide clear guidance on đăng nhập bet88 certification procedures and work to promote mutual recognition agreements on đăng nhập bet88 standards. Many countries still do not directly recognize Vietnamese products, instead requiring validation through third-party entities. Additionally, he emphasized the need to attract foreign investment and establish internationally-standardized đăng nhập bet88 production facilities in Vietnam.

On the business side, companies are encouraged to invest in đăng nhập bet88-compliant production lines and engage with recognized đăng nhập bet88 certification organizations for consultation and guidance. Enterprises should also actively participate in promotional activities for Vietnamese đăng nhập bet88 food, such as specialized trade fairs, with a focus on high-quality đăng nhập bet88 products. Mr. Kim also advised businesses to verify partners before transactions, avoid non-cancellable contracts without proper due diligence, and request deposits to ensure secure business dealings and avoid trade disputes.

Highlighting further challenges, Mr. Truong Xuan Trung, Head of the Vietnam Trade Office in the United Arab Emirates (UAE), noted that understanding of Islamic regulations and đăng nhập bet88 standards in Vietnam remains limited. The đăng nhập bet88 certification process in the country remains complex and lacks alignment with international standards.

In addition, the shortage of trained professionals with expertise in đăng nhập bet88 requirements poses a significant obstacle to the development of a domestic đăng nhập bet88 industry. As such, Mr. Trung proposed improving the legal framework for đăng nhập bet88, especially as the recently signed Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA) is expected to facilitate trade between the two countries. He also called for strengthened cooperation with Islamic countries on đăng nhập bet88 certification, supportive policies for đăng nhập bet88 product exports, and prioritization of budget allocations for đăng nhập bet88 production initiatives.