HCMC – Can Tho’s gross regional domestic product (GRDP) expanded by 7.87% in the first half of this year, signaling a solid recovery, city officials said at a press briefing this morning, July 30.
All three sectors, namely trade-services-transport, industrial production, and agriculture-forestry-fisheries, posted strong growth.
Can Tho’s total retail sales of goods and consumer services reached over VND171.45 trillion in the first half of the year, up 17.7% year-on-year, according to the city’s Statistics Office.
Export revenue was estimated at US$2.6 billion, rising 4.86% versus the year-ago period, suggesting key sectors are regaining momentum after the post-Covid downturn.
Between January and June this year, Can Tho prioritized agricultural restructuring and stepped up digital transformation in production, aiming to boost the rural and agricultural digital economy.
The agriculture, forestry, and fisheries sector expanded by 2.8% year-on-year, contributing 0.6 percentage point to overall economic growth. Production remained stable, with no major disease outbreaks reported.
Industrial production saw strong growth momentum, with stable operations across manufacturing enterprises.
The industrial production index rose by more than 8% year-on-year, while the industry and construction sector grew 9.58%, contributing 2.73 percentage points to the city’s overall growth.
Trade, services, and transportation activities were vibrant in the first half of the year, driven by a recovering market and rising consumer demand.
The city welcomed around 6.3 million tourist arrivals, up 20%. Statistics showed that the services sector grew by 9.58%, contributing 4.22% to Can Tho’s overall economic growth.
Following the merger, Can Tho has outlined two economic growth scenarios for the full year. The optimistic scenario targets a 10.11% annual growth rate, requiring a 12.13% expansion in the second half, with the industry and construction sector expected to grow by 19%.
The more feasible scenario aims for 9.16% growth for the year, implying a 10.31% increase in the second half of the year.
