GDP per capita hits VND63 million in Can Tho City

Gross Domestic Product (GDP) per capita in Can Tho City in the Mekong Delta in 2013  has hit VND63 million (US$3,000), a six time increase compared to 2004, said Tran Thanh Man, City Party Committee Secretary, at a press brief on the last 10 year achievements of the City.

Floating Market in Can Tho, a popular tourist attraction (Photo: Nguyen Nam)

GDP rose 11.6 percent in 2013. The 2013 GDP growth mostly contributed to the expansion of the service sector which touched VND63 trillion (US$3 billion), up 3.5 percent compared to 2004.

Industrial production value in 2013 reached nearly VND87 trillion (US$ 4.1 billion), representing a 7.5 percent rise compared to 2004.

Total retail and service sectors this year reached VND62 trillion (US$ 3 billion), highest in the Mekong Delta. The highlight is that Can Tho City collected around VND11 trillion (US$522 million) for the state budget, much above the yearly target by 24.5 percent.

Can Tho City is striving to become an industrial city before 2020 and the socio-economic, education and training hub of the Mekong Delta. Moreover, it wants to play a role as the driving force behind growth in the Mekong Delta.

By Huynh Loi – Translated by Uyen Phuong

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