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Can Tho retail revenue hits 100 trillion
Date: 1/19/2018 10:10:17 AM
Can Tho’s revenue from retail sales and services reached VND106 trillion (US$4.7 billion), 10 per cent higher than 2016, according to Can Tho City’s Department of Industry and Trade.

Customers shop at a supermarket in Can Tho. The city surpassed its 2017 retail revenue goal of VND100 trillion. - VNA/VNS Photo Hai Au.
The city surpassed its 2017 goal of VND100 trillion, achieving the highest revenue in the Mekong Delta region, and the third highest within Viet Nam’s municipalities, after HCM City and Ha Noi.
Last year, more supermarkets and malls opened while outlying districts also saw more shops, boosting total retail revenue in the city.
Truong Quang Hoai Nam, the deputy chairman of Can Tho People’s Committee, said the city achieved a high level of industry and trade last year, but noted that the modern retail facilities were concentrated in Ninh Kieu District, whereas other districts were not as developed.
Nam urged the department and other units to develop the retail sector in other districts such as O Mon, Thot Not and Cai Rang.
For 2018, the city targets reaching retail revenue of VND117.6 trillion, 10.9 per cent higher than 2017.
It also aims to increase export turnover by 1.2 per cent and decrease import turnover by 6.5 per cent this year.

The city’s Department of Industry and Trade aims to improve the processing industry and focus on products with higher added value, such as agriculture, aquatic products and other Can Tho’s specialties, and attract more investors. 

Can Tho set to increase Japanese investment

The southern city of Can Tho will take up a series of activities this year to strengthen cooperation with Japan and attract Japanese investors.

A view of Can Tho City at night. - Photo VNA

Speaking at a conference of the city’s working group on Japan-related issues (Japan Desk) on Tuesday, Nguyen Khanh Tung, director of the city’s Centre for Investment, Trade Promotion and Exhibition, said one of the activities was the construction of an ICT Innovation Centre developed by the Brainworks Company.

Other activities will include a trade and investment promotion conference in Japan’s Hyogo prefecture, a meeting with Japanese investors in Ha Noi and a dialogue with Japanese firms.

In April, Can Tho will launch a model farm project, the first of its kind in the city.

The project is jointly developed by the Can Tho College for Economy and Technology and Japan’s VAIO Company. The aim is to impart high-quality training to agriculture experts in Can Tho and build facilities to apply agricultural technology similar to Japanese agri-businesses.

A Viet Nam-Japan Industrial Park will also be constructed, Tung said.

Truong Quang Hoai Nam, vice chairman of the People’s Committee of Can Tho, said many Japanese investors were interested in Viet Nam, but only a few Japanese firms were doing business in the city.

Therefore, he said, Can Tho needed to make a breakthrough in attracting Japanese investments.

According to the Can Tho Centre for Investment, Trade Promotion and Exhibition, by the end of 2017, the city accommodated 77 projects with foreign investment worth US$656 million. Its export and service revenue in the year hit $1.77 billion, exceeding the city’s target by 5.9 per cent and representing a year-on-year rise of 13.9 per cent.

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