Business

Can Tho’s economy grows by 8.32 percent in Q1

The Mekong Delta city of Can Tho enjoyed an economic growth rate of 8.32 percent in the first quarter of 2014, relatively high compared to other centrally run cities, the municipal Party Committee said on March 31.
The Mekong Delta city of Can Tho enjoyed an economic growth rate of 8.32percent in the first quarter of 2014, relatively high compared to othercentrally run cities, the municipal Party Committee said on March 31.

Overthe period, industrial production rose by 8.35 percent with a totalvalue of nearly 16.5 trillion VND (784.2 million USD), up 7.9 percentfrom a year earlier.

Can Tho’s retail sales and service revenueamounted to over 16.1 trillion VND (767.6 million USD), representing anannual increase of 14.5 percent.

Meanwhile, turnover from tourismreached 254 billion VND (12.1 million USD) in the three months,expanding by 13 percent against the same period last year.

Alsoin the first quarter, Can Tho collected more than 2.4 trillion VND(116.2 million USD) for the State budget, which is said to be fuelled bythe trade-service sector’s rapid growth rate.

However, itsexport takings recorded only 257.6 million USD, down 15.8 percentannually, with volume and value declines seen in rice, tra fish andgarments.-VNA
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