At a meeting with representatives of the businesscircle, Vice Chairman of the municipal People’s Committee Dao Anh Dungsaid the city aims for trade – services accounting for 47.1 percent ofits economic structure by the end of 2015, up 3 percent from 2013.
The sector is expected to make up 52 percent of the local economy,equivalent to 164 trillion VND (7.8 billion USD), by 2020, he noted.
The city is set to build 110 markets, 14 supermarkets, and 17 tradecentres, including a regional-scale one, between now and 2020, DeputyDirector of the municipal Department of Industry and Trade Bui Ngoc Vysaid.
In the meantime, the locality plans to step uptrade promotion abroad in a bid to seek more outlets for its aquaticproducts in Asia, the Middle East, Oceania, Europe, North America andAfrica .
It targets export revenues of over 7 billion USD by 2020, four times higher than the 2013 figure.
Can Tho will also simplify administrative procedures to attract 120trillion VND (5.7 billion USD) into the trade sector, innovate themanufacturing of export lines, and strengthen its ties with otherlocalities as well as foreign economic organisations.
Since the beginning of 2014, local trade value has reached 49.7trillion VND (2.36 billion USD), fulfilling 70.8 percent of the yearlygoal, with some 900 million USD coming from exports.
The figures are forecast to reach 70.2 trillion VND (3.34 billion USD)and 1.5 billion USD respectively by the year’s end.-VNA