Can Tho’s Q4 GRDP growth forecast at 291 percent
VietReader 7-10-2020, 18:23
Can Tho’s Q4 GRDP growth forecast at 291 percent

A view of Can Tho city (Photo: VNA)

Can Tho (VNA) Gross regional domestic product ( GRDP ) growth in the Mekong Delta city of Can Tho in the fourth quarter of this year has been forecast at 291 percent, according to the Director of the municipal Department of Statistics, Le Ngoc Bay.

The agro-forestry-fisheries sector is likely to post growth of 183 percent, while the industry – construction and service sectors are thought to rise 334 and 297 percent, respectively.

The city’s economic growth is to increase 2.2 percent for the year as a whole, Bay said.

He noted that municipal authorities have paid due regard to promoting investment attraction, especially FDI, accelerating the disbursement of public investment, removing difficulties facing business and production sectors, and developing tourism into a spearhead economic industry in the time to come.

It has also focused on developing infrastructure networks, especially those serving logistics for processing farm produce for export.

Domestic demand stimulus programmes have been introduced, while culture, sports, and tourism activities will be held over the remaining months of the year to further promote consumption and create new value for the service sector.

The department reported that the city’s economy grew 249 percent in the third quarter, resulting in growth of 198 percent in the first nine months of 2020./.