Can Tho city aims to attain regional trade hub status

From now to 2020, Can Tho city will focus on developing trade intensively to improve its international integration and become a trade hub of the Mekong Delta region, a municipal official said on August 19.
From now to 2020, Can Tho city will focus on developing tradeintensively to improve its international integration and become a tradehub of the Mekong Delta region, a municipal official said on August 19.

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

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.