Can Tho city’s total retail and service sales during 2010-2014 reached 320.9 trillion VND (14.7 billion USD), according to the draft document to be submitted to the congress of the municipal Party organisation for the 2015-2020 tenure.
The figure surpasses the set target by 10.1 percent and was the result of an average 20 percent increase each year.
The result also put the Mekong Delta city third in the country in terms of retail and service revenues, only behind Ho Chi Minh City and Hanoi.
According to Le Hung Dung, chairman of the Can Tho city People’s Committee, the high and steady growth was gained through improved infrastructure and investment in modern trade and service models such as supermarkets, shopping centres, hotels and restaurants.
The commerce and service sector will account for 60.1 percent of the city’s GDP by the end of this year and is expected to increase to 61.75 percent by 2020.-VNA
