The southern city of Can Tho posted a higher economic growth rate thanthe rates of the country and centrally-run cities in the first half ofthis year, said a local official.
Its growth wasestimated at about 9.2 percent, up 8.26 percent annually, as compared tothe national rate of 6.28 percent, Hanoi’s 7.8 percent, Hai Phong’s9.12 percent, Da Nang’s 8.15 percent and Ho Chi Minh City’s 8.55percent, said head of the municipal Statistics Department Le Ngoc Bay.
The high economic performance is credited to less bureaucratic procedures and stabilised market prices.
During the period, Can Tho reeled in nine new projects worth 29 million USD in processing and industrial zones.
The total goods sales and service value topped 76.35 trillion VND(3.63 billion USD), marking a yearly rise of 14 percent, more than 42.2trillion VND (2 billion USD) of which was from the retail and servicesectors.
Export earnings from farm produce, garment and handicrafts were also growing, ranging from 11.5 – 25 percent.
On the tourism front, the city welcomed about 1 million visitors,including over 103,500 foreigners and raked in 970 billion VND (46.1million USD), up 85 percent.
It contributed over 8.8 trillion VND (419 million USD) to the State budget, up 50 percent from last year’s same period.-VNA
Its growth wasestimated at about 9.2 percent, up 8.26 percent annually, as compared tothe national rate of 6.28 percent, Hanoi’s 7.8 percent, Hai Phong’s9.12 percent, Da Nang’s 8.15 percent and Ho Chi Minh City’s 8.55percent, said head of the municipal Statistics Department Le Ngoc Bay.
The high economic performance is credited to less bureaucratic procedures and stabilised market prices.
During the period, Can Tho reeled in nine new projects worth 29 million USD in processing and industrial zones.
The total goods sales and service value topped 76.35 trillion VND(3.63 billion USD), marking a yearly rise of 14 percent, more than 42.2trillion VND (2 billion USD) of which was from the retail and servicesectors.
Export earnings from farm produce, garment and handicrafts were also growing, ranging from 11.5 – 25 percent.
On the tourism front, the city welcomed about 1 million visitors,including over 103,500 foreigners and raked in 970 billion VND (46.1million USD), up 85 percent.
It contributed over 8.8 trillion VND (419 million USD) to the State budget, up 50 percent from last year’s same period.-VNA
