Can Tho seeks 12.5 pct rise in industrial value

The Mekong Delta city of Can Tho strives to raise its industrial production value to 97.6 trillion VND (4.6 billion USD) in 2014, a year-on-year increase of 12.5 percent.

The Mekong Delta city of Can Tho strives to raise its industrial production value to 97.6 trillion VND (4.6 billion USD) in 2014, a year-on-year increase of 12.5 percent.

According to the municipal Department of Industry and Trade, the city will enforce mechanisms to support industrial development, restructure the industrial sector and State-run enterprises, and prioritise the development of industrial clusters.

It plans to boost processing and support industries, update advanced technology to create competitive products, promote industrial investment, and better the investment environment.

From now to mid-2014, it will focus on industries that it has strength in so as to raise its market share, and strengthen the export of rice, aquatic products, garments, footwear, electronics, machinery, cement, medicines, consumer goods, fertiliser and construction materials.

Can Tho is set to develop small and medium-sized industrial clusters in rural areas to drive agricultural and rural industrialisation and modernisation.

It will also tighten cooperation with regional provinces to boost production and business.

In 2013, Can Tho’s industrial production value reached 86.7 trillion VND (4.1 billion USD), rising by 12.9 percent from 2012.-VNA

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