Can Tho’s retail revenue exceeds VND100 trillion

The information was released by the municipal Department of Industry and Trade at its conference to review 2017 performance, which took place on January 11.

With that figure, Can Tho topped the Mekong Delta and was ranked third nationwide only behind Ho Chi Minh City and Hanoi. Statistics showed that the city now has 18 shopping centres and supermarkets, 48 convenience stores, 8 safe vegetable stores, and 107 wet markets.

Truong Quang Hoai Nam, Vice Chairman of the municipal People’s Committee, highlighted the record retail growth but pointed to the fact that modern shopping malls are mainly located in Ninh Kieu district. 

Can Tho’s income per capita has surpassed VND72 million (US$3,168) per person per year, he added, suggesting the industry-trade sector and relevant agencies put forth measures to spread trade activities to other districts like O Mon, Thot Not, and Cai Rang.

In 2018, Can Tho aims for retail and services earnings of over VND117.6 billion (US$5.17 million), increasing 10.9% from 2017. 

To realise the target, the municipal Industry and Trade Department said it prioritises the development of the processing industry to make less raw products and more high value added and high-tech ones, particularly in the agro-fishery sector. Market expansion at home and overseas will also be a priority.