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Ho Chi Minh City
Sunday, February 5, 2023

Can Tho City sees double-digit GRDP growth for first time

The Saigon Times

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HCMC – Can Tho City’s gross regional domestic product (GRDP) has hit an all-time high of 12.6% this year, placing it second among the Mekong Delta provinces and sixth nationwide.

The industrial and construction sector has led the city’s economic performance in 2022, soaring 18.9% over 2021. The service sector has increased by 13.2%, while the agro-forestry-fishery sector has seen a slight rise of 2.5%.

According to Le Ngoc Bay, head of the Can Tho City Statistics Department, the positive results have highlighted the city’s robust recovery in the post-pandemic period.

The city has roughly 1,700 newly-established businesses in 2022, up 36%, mostly in the transportation, trading and processing industries. Their registered capital totals some VND12,700 billion.

In the year to December 28, the authorities had granted approvals for six foreign direct investments worth US$174.2 million, bringing the number of foreign-invested projects in Can Tho City to 86, with a total pledge of US$2.2 billion.

This year, the city’s consumer price index has grown by 2.33% over 2021, particularly in beverage and tobacco products, housing, construction materials and household appliances, among others.

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