Can Tho sees strong economic performance in first half of 2018
The Mekong Delta city of Can Tho has shown strong socio-economic performance in the first half of 2018 with all indications exceeding the targets.
Harvesting rice in Can Tho (Photo: VNA)Can Tho (VNA) – The Mekong Delta city of Can Tho has shown strong socio-economic performance in the first half of 2018 with all indications exceeding the targets.
According to Duong Nghia Hiep, Vice Director of the city’s Department of Industry and Trade, in the first six months of 2018, Can Tho enjoyed 13.5 percent growth in total retail and service revenues to 63.07 trillion VND (2.77 billion USD), equivalent to 53.6 percent of its yearly target.
Earnings from exports and services reached 966.85 million USD, fulfilling 54 percent of the yearly target and representing a rise of 16.37 percent over the same period last year.
Of the figure, goods export revenue was 773.48 million USD, up 20.73 percent year on year.
Can Tho’s key export products included aquatic products (238 million USD), rice (141.2 million USD), farm produce and processed food (nearly 70 million USD) leather (42.5 million USD), fertilizer (12.2 million USD), pharmaceuticals and veterinary drugs (11.9 million USD).
Meanwhile, earnings from services hit 193.37 million USD, an increase of 1.67 percent over the same time last year.
The city’s import revenue in the first six months of this year was 227.65 million USD, reaching 56.9 percent of its plan for the year, and representing a rise of 31.5 percent year on year. Can Tho mostly imported materials for production.
In the rest of the year, the city will continue calling on local firms to engage in a programme to sell Vietnamese products in rural areas, industrial parks and residential areas.
The province will also organise Vietnamese goods fairs across the city, while continue seeking measures to support local firms in boosting production and exports.-VNA
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