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Malaysia-China push halal products
Malaysia makes the most reliable partner for entrepreneurs from China to penetrate the halal market, said Minister in the Prime Minister’s Department Wee Ka Siong.
Malaysia’s globally recognised halal certification meant that it was an ideal stepping stone for the Chinese who were interested in tapping into the halal market, he said.
The Chinese want to penetrate into the halal market in the Middle East and Indonesia but are facing problems due to the lack of halal certification.
“Malaysia is the only country that has halal certification issued by the government under Jakim [Malaysian Islamic Development Department] and it is respected and recognised globally.
“We have the certification while the Chinese have the competitive edge in food manufacturing and production, which will surely produce favourable results,” Wee said. He said this when closing the MCA-initiated the “Belt and Road Initiative: The China-Asean Relations” international conference recently.
Around 1,000 entrepreneurs and industry players from Malaysia and China attended the conference. He also said the event had been a success with a huge turnout.
He assured foreign investors that the Secretariat for the Advancement of Malaysia Entrepreneurs at Wisma MCA is always open to facilitate them in the development of business in the country or abroad.
“If there is a language barrier, we have personnel available who can assist them and refer them to the relevant agencies.” – The Star
Mizuho invests in VN
A Japanese institutional investor, Mizuho Asean Investment, has invested US$9.3 million (Bt326.5 million) in Pham Nguy๊n Confectionery Company. Pham Nguyen said the financing would be used to support rapid growth by increasing production capacity for the company’s key brands.
It would also help introduce new product categories and expand its distribution network in the country. “The investment will allow us to reach more Vietnamese customers with our current and upcoming quality products,” said Pham Ngoc Thai, the company’s chairman.
Founded in 1990, Pham Nguyen is one of the leading companies in the confectionery industry. The company’s products are in four key categories of soft cakes, chocolate, biscuits and bread. The company’s products are distributed in over 52,000 retail locations and its products are exported to 16 countries and territories.
Mizuho Asean Investment is a private equity fund advised by Mizuho Asia Partners, a Singapore-incorporated registered fund management company.
The fund seeks to invest growth capital and nurture promising small- and medium-sized companies in Southeast Asia, in part by leveraging Japanese connections. – Viet Nam News
