Can Tho economy expands at fast pace in six months
The southern city of Can Tho posted a higher economic growth rate than the rates of the country and centrally-run cities in the first half of this year, said a local official.
Its growth was estimated at about 9.2%, up 8.26% annually, as compared to the national rate of 6.28%, Hanoi’s 7.8%, Hai Phong’s 9.12%, Da Nang’s 8.15% and Ho Chi Minh City’s 8.55%, said head of the municipal Statistics Department Le Ngoc Bay.
The high economic performance is credited to less bureaucratic procedures and stabilised market prices.
During the period, Can Tho reeled in nine new projects worth US$29 million in processing and industrial zones.
The total goods sales and service value topped VND76.35 trillion (US$3.63 billion), marking a yearly rise of 14%, more than VND42.2 trillion (US$2 billion) of which was from the retail and service sectors.
Export earnings from farm produce, garment and handicrafts were also growing, ranging from 11.5 – 25%.
On the tourism front, the city welcomed about 1 million visitors, including over 103,500 foreigners and raked in VND970 billion (US$46.1 million), up 85%.
It contributed over VND8.8 trillion (US$419 million) to the State budget, up 50% from last year’s same period.
The high economic performance is credited to less bureaucratic procedures and stabilised market prices.
During the period, Can Tho reeled in nine new projects worth US$29 million in processing and industrial zones.
The total goods sales and service value topped VND76.35 trillion (US$3.63 billion), marking a yearly rise of 14%, more than VND42.2 trillion (US$2 billion) of which was from the retail and service sectors.
Export earnings from farm produce, garment and handicrafts were also growing, ranging from 11.5 – 25%.
On the tourism front, the city welcomed about 1 million visitors, including over 103,500 foreigners and raked in VND970 billion (US$46.1 million), up 85%.
It contributed over VND8.8 trillion (US$419 million) to the State budget, up 50% from last year’s same period.