01/11/2018 - 08:52

Can Tho city’s retail sales and services up 12 percent 

Total revenue from retail sales and services in Can Tho city is estimated at 100.5 trillion VND during Janury-October. (Photo: VNA)
 
Total revenue from retail sales and services in the Mekong Delta city of Can Tho is estimated at 100.5 trillion VND (4.28 billion USD) during the January-October period, accounting for 85.5 percent of the yearly plan and an increase of 12.5 percent year-on-year.

At the municipal People’s Committee’s regular meeting on October 30, Director of the city’s Department of Planning and Investment Nguyen Van Hong said that retail and service revenues are expected to reach 120.5 trillion VND (5.14 billion USD) for the whole of 2018, surpassing the set target by 2.47 percent and surging 12.26 percent from the previous year.

The positive growth in retail sales and services has been spurred by the city’s efforts in improving its transport infrastructure, which in turn has facilitated the transportation of goods and travel for both local people and tourists.

Reform of administrative procedures has made the city more attractive to investors, while on the other hand, it has bolstered internal trade activities, especially in the spheres of food, garment and textiles, consumer goods and materials, among others.

As the city has paid due attention to calling for infrastructure investments for trade development, convenient stores and shopping malls are consequentially booming across the locality.

Import-export activities are also billed as a highlight that contributes to the city’s socio-economic development. In the 10-month period, the city gained more than 1.6 billion USD from exports of goods and services, or 91.3 percent of the yearly plan and surging 13.7 percent from the same time last year. The figure for the whole year is forecast at 1.94 billion USD, exceeding the set goal by 3.18 percent.

Regarding tourism, the city welcomed 7.4 million visitors in the period, a year-on-year increase of 13.5 percent. It expects to greet some 8.42 million visitors by the end of this year, and pocket 3.5 trillion VND (149.4 million USD) from tourism services, rising 21.7 percent from 2017 and 1.8 percent higher than initial estimates.
 
Source: VNA 
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