For the first time, Can Tho’s GRDP growth reached double digits


Can Tho’s Gross Regional Domestic Product (GRDP) in 2022 increased by 12.64% compared to the previous year.This is the highest growth rate ever.

Mr. Le Ngoc Bay, Director of Can Tho City Statistical Office, spoke at the event. Photo by Anh Tuyet – Vietnam News Agency

On December 28, in Can Tho, the City Statistical Office held a ceremony to announce The socio-economic index of Can Tho city in 2022. Accordingly, Can Tho’s Gross Regional Domestic Product (GRDP) in 2022 increased by 12.64% compared to the previous year. This is the highest growth rate ever.

Le Ngoc Bay, Director of the City Statistical Office, said that with this growth, Can Tho city is the locality with the GRDP growth rate ranking 6th compared to the whole country; ranked 2nd in the Mekong Delta (after Hau Giang) and 5th in the central city (after Da Nang). This is the first time the city has achieved double-digit growth. This shows a positive signal in the recovery and socio-economic development.

The industrial and construction sector accounts for the highest proportion of 18.18%; accounting for 31.03% of the economic structure. Next, services increased by 13.19%; accounting for 52.47%. Agriculture, forestry and fishery increased by 2.49; accounting for 9.65%…

In order to get that spectacular breakthrough, Can Tho has synchronously implemented many groups of key solutions. Regarding agricultural, forestry and fishery production, the city develops orchards in the direction of specialized and high-quality regional planning, creating appropriate scale linkages. On that basis, it promotes the competitiveness of fruit products in the market, gradually exploiting the advantages of domestic consumption, export processing and ecotourism development. Aquaculture focuses on the main product, shutchi catfish.

In terms of agriculture, the total area of rice cultivation is nearly 216,400 hectares, the rice yield for the whole year 2022 is estimated at 63.16 quintals/ha. The area of perennial trees is nearly 26,000 hectares; of which, the area of fruit trees accounts for 95%; the output reaches nearly 201,700 tons.

In addition, the city has many solutions to support businesses to develop, accompany and promptly solve problems for businesses. The number of newly registered enterprises in 2022 is more than 1,700, up 36% compared to 2021. The total registered capital is more than 12,700 billion VND. Businesses are active in the fields of transportation, trade and services, processing industry. Total retail sales of consumer goods and services are estimated at 118,100 billion VND, up 41.5% from last year.

At the same time, businesses and households are also supported with loans through credit channels. Information from The State Bank of Can Tho City branch, the unit has directed credit institutions in the area to strengthen solutions to mobilize capital, focus on lending credit capital for the field of production and business and priority areas.

Implement solutions to commercial banks to provide interest rate support under the Government’s Decree No. 31 on interest rate support from the state budget for loans from enterprises, cooperatives and business households. By the end of December 2022, mobilized capital was estimated at 103,200 billion VND, an increase of 11% over the same period last year.

Regarding the attraction of Foreign Direct Investment (FDI), in 2022, Can Tho has granted 06 new projects with registered capital of 174.23 million USD. Currently, there are 86 FDI projects in the city, with a total registered investment capital of about 2,223 million USD.

The average Consumer Price Index (CPI) in 2022 of Can Tho increased by 2.33% compared to 2021. 4 commodity groups have an increase higher than the overall increase in beverages and cigarettes; housing and construction materials; home appliances and appliances; transportation.

With positive economic indicators, the labor market and jobs in Can Tho also have good growth momentum, especially in the near Lunar New Year.

According to information from Can Tho City Employment Service Center, nearly 60 enterprises are in need of recruitment, the number of positions is nearly 1,400. In addition, large companies and enterprises are very thirsty for high quality human resources in the groups of technology, processing, trade and services,etc./.

Anh Tuyet/Vietnam News Agency

Bnews source:

Translated by Gia Nguyen