The warehouse would help Vietnamese exporters save storage costs and there would always be goods available for exporters to sell to the market when necessary, Vietnam Development Bank General Director Nguyen Quang Dung was quoted by newswire VietNamNet as saying Sunday.
The bank, one of Vietnamâs two policy lenders, and the exporters are seeking government approval for their plan, Dung said, adding that they could face many funding and procedural obstacles.
Vietnam is among the top 30 exporters to the US. Local exporters in 2007 proposed a similar plan to build a warehouse in the EU but the plan has made no progress since, VietNamNet said.
Source: Thanh Nien