Deputy Prime Minister Pham Gia Khiem has approved a draft feasibility study (FS) on a tea-bidding floor submitted by the Vietnam Tea Association (VITAS).
The French Development Agency (AFD) will provide 385,700 Euros in non-refundable aid for the project.
According to VITAS, the trading floor will be a place for enterprises to introduce tea products to both local and international partners, while helping increase the competitive edge of Vietnamese tea.
It is also expected to draw the participation of large foreign tea enterprises, thus making Viet Nam one of the world's centres for trading tea products, said VITAS Chairman Nguyen Kim Phong.
Vietnam is currently the world's sixth largest tea exporter in terms of volume with its products present in around 60 foreign markets.
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