Performance of Indonesia’s Halal Value Chain Surpasses that of National GDP: Vice President

The performance of Indonesia’s Halal value chain (HVC) in agricultural and food sectors has surpassed that of national gross domestic product (GDP), according to Ma’ruf Amin, Vice President of the country, who was speaking at the opening of the Indonesia Shariah Summit 2021 on the 22nd of September 2021.

Why it Matters?

The performance of Indonesia’s HVC was strengthened by the increase in online spending and consumption amid the implementation of public activity restrictions to combat the COVID-19 pandemic. The HVC sector market supports 24% of Indonesia’s business activities. According to Amin, Bank Indonesia stated that the performance was enhanced by online public spending on Halal products, which was dominated by Muslim f...