Can Tho has more than 1,000 new enterprises in nine months

Can Tho (VNA) – More than 1,000 new enterprises were established in the Mekong Delta city of Can Tho in the first nine months of 2020, accounting for 12 percent of a total 8,600 operational ones in the city at present.

The figure was released at a seminar on post-pandemic business development directions for enterprises held by the city’s business association on October 8.

Addressing the event, Deputy Chairman of Can Tho People’s Committee Duong Tan Hien said in the same period around 700 enterprises suspended operation.

He stressed that from a positive perspective, the challenges posed by the COVID-19 provided chances for enterprises to shift from the conventional business style to online operation with the application of information technology.  

Sharing Hien’s view, Standing Vice Chairwoman of the city’s business association Nguyen My Thuan noted that in order to survive and develop in the current circumstances, enterprises must know how to “renew” themselves and join value chains.

The municipal People’s Committee said it would not adjust down socio-economic targets for this year and the period 2015-2020, calling on the business community to join the common efforts to achieve the set targets.

The city’s economy grew 2.49 percent in the third quarter, resulting in growth of 1.98 percent in the first nine months of 2020.

Can Tho’s gross regional domestic product (GRDP) growth in the fourth quarter of this year has been forecast at 2.91 percent, according to the Director of the municipal Department of Statistics, Le Ngoc Bay.

The agro-forestry-fisheries sector is likely to post growth of 1.83 percent, while the industry - construction and service sectors are thought to rise 3.34 and 2.97 percent, respectively.

 The city’s economic growth for the whole year is projected at 2.2 percent./.