Can Tho’s economy makes big strides in first half hinh anh 1Cai Rang floating market in Can Tho city (Source: VNA)
Can Tho (VNA) – The Mekong Delta city of Can Tho made big strides in economic development over the first half of this year, according to the municipal Department of Planning and Investment.

Nguyen Van Hong, the department’s director, reported at a meeting of the municipal Party Committee’s Executive Board on June 29 that Can Tho’s Gross Regional Domestic Product (GRDP) was estimated at 28.8 trillion VND (1.3 billion USD) in the reviewed period, up 6.82 percent against the same period last year and 1.3 percent higher than the average national GDP.

The industrial production index expanded by about 24.6 percent year-on-year and industrial production value stood at more than 44 trillion VND (1.98 billion USD), up 8.6 percent over the corresponding time last year.

Such successes were attributable to enterprises’ efforts in improving production and business conditions, updating technologies and implementing consumption stimulus packages, he said.

Besides, municipal leaders paid heed to removing difficulties facing businesses and promoting trade at home and abroad, Hong added.

Of note, the tourism sector grew outstandingly during January-June, raking in 940 billion VND (42.3 million USD), fulfilling 67.2 percent of the set yearly target and up 27 percent year-on-year.

Progresses were also made in other realms like investment attraction, start-ups, infrastructure construction disbursement and State budget collection, the official reported.

Hong said the city will review failed objectives while providing more support for businesses in order to meet yearly targets, focusing on attracting big investors and foreign direct investment (FDI) enterprises.-VNA