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Can Tho sees strong growth in Q1

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The Mekong Delta city of Can Tho saw an 8.5 percent economic growth in the first quarter of 2015, the highest Q1 figure in the last three years, said the municipal Party Committee on April 1.

Over the period, Can Tho’s retail sales and service revenue exceeded 21.2 trillion VND (995 million USD), representing an annual increase of 15.5 percent.

Meanwhile, the city welcomed about 343,000 tourists, including 67,000 foreign arrivals. Tourism revenue reached 342 billion VND (11.9 million USD) in the three months, expanding by 13 percent from the same period last year.

Industrial production reached 19.5 percent of the yearly target with nearly 12.8 trillion VND (845 million USD) in value, up 6.7 percent from a year earlier.

Also in the first quarter, Can Tho collected more than 2.85 trillion VND (133 million USD) for the State budget.

However, its export earnings recorded only 206 million USD, down 14.7 percent annually with volume and value declines seen in rice and aquatic products, the city’s two export staples.

In the coming time, the city’s authorities need to take measure to push administrative procedure reforms to facilitate the development of production and business, said municipal Party Secretary Tran Thanh Man.-VNA

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