Home Economy

Can Tho's retail sales rise 20 per cent

May 29th at 13:44
29-05-2015 13:44:20+07:00

Can Tho's retail sales rise 20 per cent

Can Tho city's total retail and service sales during 2010-14 reached VND320.9 trillion (US$14.7 billion), according to the municipal Department of Industry and Trade.

The figure surpasses the set target by 10.1 per cent and was the result of an average 20 per cent increase each year.

The result also put the Mekong Delta city third in the country in terms of retail and service revenues, only behind HCM City and Ha Noi.

According to Le Hung Dung, chairman of the Can Tho city People's Committee, the high and steady growth was gained through improved infrastructure and investment in modern trade and service models such as supermarkets, shopping centres, hotels and restaurants.

The commerce and service sector will account for 60.1 per cent of the city's GDP by the end of this year and is expected to increase to 61.75 per cent by 2020.

bizhub

MOST READ

NEWS SAME CATEGORY

Quang Ninh to host travel forum
ECONOMY May 29th at 13:41

Quang Ninh to host travel forum

A conference on tourism cooperation among north-eastern provinces and cities will be held at Ha Long City from June 12 to 16.

Markets losing lead over convenience stores
ECONOMY May 29th at 13:34

Markets losing lead over convenience stores

Wet markets and traditional stores remain the preferred retail channels for Vietnamese shoppers, though they are under threat as consumers shift away, according to...

Retail, service revenue increases by 9.1 per cent
ECONOMY May 29th at 13:32

Retail, service revenue increases by 9.1 per cent

Retail sales and service revenue in the first five months of the year totalled VND1,305 trillion (US$60.67 billion), according to the General Statistics Office...

SOE assets at 80% of GDP
ECONOMY May 29th at 13:27

SOE assets at 80% of GDP

The concentration of resources in the hands of State-owned enterprises (SOEs) allegedly created barriers to reforms, said experts from the Central Institute for...

Transparency begets success: experts
ECONOMY May 29th at 13:24

Transparency begets success: experts

Transparency is an important element in improving the productivity of a business and gaining the trust and loyalty of stakeholders, a forum heard in HCM City...

Vietnam to reclaim electronic waste from July 2016
ECONOMY May 28th at 14:19

Vietnam to reclaim electronic waste from July 2016

Waste and dumped electronics in Vietnam will be required to be reclaimed for treatment under a new regulation slated to take effect in July next year, but members...

Vietnam’s public debt increase in 2010-14 highest in history: parliamentarian
ECONOMY May 28th at 14:16

Vietnam’s public debt increase in 2010-14 highest in history: parliamentarian

The issue of public debts in Vietnam increasing at the fastest rate in history and difficulties in production and trading stood atop the agenda of the working...

Petrolimex incurs huge losses
ECONOMY May 28th at 14:11

Petrolimex incurs huge losses

Holding nearly 50% of the domestic gasoline market, Petrolimex Group suffered huge losses last year, mainly caused by its subsidiary in Singapore.

Vietnam looks forward to new investment wave from South Korea
ECONOMY May 28th at 14:06

Vietnam looks forward to new investment wave from South Korea

The presence of many big South Korean conglomerates in Vietnam is expected to lure other South Korean investors to Vietnam in the time to come.

Japanese raise hopes for new investment flow
ECONOMY May 28th at 13:55

Japanese raise hopes for new investment flow

More Japanese enterprises are eager to pour money into agricultural, foodstuffs, construction, sea transport, tourism, and restaurant projects in Vietnam.

Read More

MOST READ

Back To Top