Total revenue from retail sales and services in Can Tho city is estimated at VND100.5 trillion during Janury-October. At the municipal People’s Committee’s regular meeting on October 30, Director of the city’s Department of Planning and Investment Nguyen Van Hong said that retail and service revenues are expected to reach US$120.5 trillion (US$5.14 billion) for the whole of 2018, surpassing the set target by 2.47% and surging 12.26% from the previous year. The positive growth in retail sales and services has been spurred by the city’s efforts in improving its transport infrastructure, which in turn has facilitated the transportation of goods and travel for both local people and tourists. Reform of administrative procedures has made the city more attractive to investors, while on the other hand, it has bolstered internal trade activities, especially in the spheres of food, garment and textiles, consumer goods and materials, among others. As the city has paid due attention to calling for infrastructure investments for trade development, convenient stores and shopping malls are consequentially booming across the locality. Import-export activities are also billed as a highlight that contributes to the city’s socio-economic development. In the 10-month period, the city gained more than US$1.6 billion from… Read full this story
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