CANTHO – The government of Can Tho City in the Mekong Delta met with local enterprises yesterday, July 18.
Speaking at the event, Tran Viet Truong, chairman of the provincial People’s Committee, said that authorities aimed to support firms in Can Tho City in dealing with their current operational challenges.
The city has engaged in thorough discussions with the business community to generate viable solutions in the face of domestic and international challenges.
Luu Thanh Hung, vice chairman of the Can Tho Business Association, said that many businesses have been struggling as consumption continues to decline in both domestic and international markets.
The predicament faced by local enterprises is also attributed to tough access to loans and increased interest rates.
Nguyen Van Hieu, secretary of the Can Tho Party Committee, stressed the need to establish effective communication channels between relevant agencies and local businesses to expedite the resolution of their concerns.
This dialogue is held annually by the Can Tho Promotion Agency.
The gross regional domestic product (GRDP) of Can Tho City expanded by 3.71% year-on-year in the first half of 2023, with growth primarily driven by a 5.95% increase in the service sector.