Vietnamese firms tap blockchain for halal market expansion
Technology enhances transparency in halal certification, ensuring authenticity and boosting global trust in Vietnamese exports
HANOI, Vietnam (MNTV) – Vietnamese companies are increasingly leveraging blockchain technology to ensure compliance with halal certification standards, enhancing transparency and boosting consumer confidence in international markets, Tuoi Tre News reported.
Blockchain, a secure and tamper-proof database system, allows firms and certification bodies to store and verify halal certification processes with encrypted, immutable records.
This ensures that products remain free from non-halal materials and comply with halal standards throughout the supply chain.
By integrating blockchain, Vietnamese firms can detect fraudulent labeling and provide consumers with verifiable proof of halal authenticity, a critical factor in accessing markets with stringent halal regulations.
The technology enables businesses to navigate varying halal standards across different countries while maintaining credibility.
Vietnam’s growing focus on halal exports aligns with its expanding trade relations.
In 2024, the United Arab Emirates (UAE) became Vietnam’s first comprehensive partner in the Middle East, opening avenues for agricultural and processed food exports to the region.
If successful, Vietnam’s penetration into the halal market could drive a 50% surge in exports of key agricultural products.
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