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Economic situation in Can Tho City - Part 1

economic_situation_in_Cantho_City_-_1VIETRADE - Although having faced many difficulties, the industrial production still keeps good growth rate. The production value (fixed value) increases by 18.6% yearly (the targeted value is 21 per cent a year); the state economy decreases by 9% per year; the private economy increases by 29.3% per year, and the FDI economy increases by 17.6% per year.


Some industrial production fields have made processes, such as aquatic products and seafood processing, rice husking and processing, fertilizer, insecticide, veterinary medicine, beer, medicament, construction materials, electricity, etc. The research and application of modern technology in production have been paid attention to and have tendency to develop. However, besides modernly equipped businesses, there still are technologically backward small-scale businesses. The competition capacity of these companies are still low so the production effectiveness is not high.



Together with the urbanization, the construction industry has made rapid growth rate: the production value increases by 18.3% averagely; the added value increases by 14.7% averagely, making up 5.05% of the GDP. Many large-scale and high quality works have been put into operation, such as Can Tho Bridge, Can Tho Airport, Cai Cui Port, residential areas, resettlement areas, new urban areas, head-offices of administrative-political-militarypolice organizations, infrastructure works, contributing to the changing of the city’s appearance.



Although having many difficulties, the commerce–service industry still maintain the growth rate towards diversifying the forms of activity, directing to high valuable services and paying attention to enhancing the quality and effectiveness in order to better meet the production and trading requirement and the people’s living conditions.


Both production value and added value exceed the set target of the five-year plan of 2006-2010. The production value increases by 17.8% averagely (the set target is 15%/year), the added value increases by 17.3% averagely (the set target is 14.97%/year).


The domestic market widened and the commercial infrastructure built contributing to increasing the wholesale and retail-sale competence nationwide and initially showing the general agent role for the whole zone, both in urban and rural areas. The trading network has been enlarged with 102 markets (3 level-1 markets, 11 level-2, and 88 level-3) making an increase of 14 markets in comparison with that of 2005; over 10 wholesale and retailsale supermarkets are operating effectively. Besides, many diversified and modern distributing channels have been established, such as user-friendly shops, mini-supermarkets, night markets, etc. Many new trading and servicing forms are also formed, such as real estate trading, logistics, information, communications, etc.


The circulation of goods on the market keep increasing at high speed, the total quantity of goods sold increases by 26.5% yearly, making an increase of 4.1% in comparison with that of the five-year plan of 2006-2010 (the set target is 22.4%/year) and much higher than the target of the previous period (the target of the period of 2001-2005 was to increase by 13.2%/year). The total re tail-sale increases by 25.3% yearly, 0.7% lower than that of the five-year plan of 2005-2010 (26%) and higher than the target of the previous period (the target of the period of 2001-2005 was to increase by 16%/year).


The trade promotion has been enhanced. The city’s businesses have import-export relations with over 97 countries and territories. The total turnover from goods and service export over 5 years reaches US$ 3,701 million, making an increase of 2.5% over the five-year plan of 2006-2010 and increasing by 19.8% yearly, in which, the turnover from goods export reaches US$ 3,569.6 million, increasing 20.6% on average; the turnover from service is US$ 131.5 million, reaching 48.1% of the plan and increasing by 4,2% yearly.


The import turnover is estimated to reach US$ 2,436.8 million over 5 years, equaling 94.5% of the five-year plan of 2006-2010 and increasing by 13.8% yearly. Most of the exported goods are raw materials and fuel (making up 97.7%), the other 1.7% are machinery, tools, spare parts, and the remaining 0.6% is consumer goods.


The transportation has stably developed, contributing to promoting the socio-economic development of the city by diversifying all the means of transportation (road, waterway, and airway). The total volume of goods transported increases by 6.5% averagely (3.1% increased in the period of 2001-2005); the goods rotation increases by 5.8% yearly (9% increased in the period of 2001-2005); the passenger transportation increases by 7.2% yearly, (6.4% increased in the period of 2001-2005), the passenger rotation increases by 9.6% yearly (4.2% increased in the period of 2001-2005).

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