Can Tho posts high export growth

Can Tho, (VNA) – The Mekong Delta city of Can Tho earned an estimated 618.5 million USD from exports in the first five months of this year, up 20 percent year on year.

Director of the city’s Planning and Investment Department Nguyen Van Hong reported to the regular meeting of the municipal People’s Committee on May 30 that the figure was equal to 43.9 percent of the yearly export value target.

Most staple goods posted good growth compared to the same period last year, such as rice with increases of 26.5 percent in volume (316,050 tonnes) and 24.2 percent in value (nearly 134 million USD). Aquatic products brought home 226.4 million USD, up 18.56 percent with shipment volume rising nearly 33 percent to 63,484 tonnes.

Some other minor exports also enjoyed high increases in value, such as fine art and handicraft up 31.2 percent, garment 41.3 percent, and steel products 147.4 percent. 

The good performance of export is attributable to efforts of relevant agencies and enterprises in the city in seeking new markets and improving product quality.  

In 2017, trade promotion activities helped Can Tho lure investment and increase export revenue.

The city earned nearly 1.8 billion USD from export and service revenue, 5.9 percent above its goal and 13.9 percent higher than the figure in 2016.

Can Tho is the only city in the Mekong Delta and a development driving force of the Southwest region.-VNA