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Can Tho City leads Mekong Delta growth
Can Tho City leads the Cuu Long (Mekong) Delta region in per capita income, estimated to reach US$1,950 this year, for an increase of nearly 30 per cent over last year, according to a report just released by the municipal People's Council.
This figure also presents a two-fold increase over the region's average growth in per capita income, the report says.
The city's gross domestic product (GDP) growth rate is likely to reach 16 per cent this year, with industrial, construction and services sectors posting the highest growth rates.
The industrial and construction sectors together account for 44.1 per cent of GDP, followed by commercial and services with 45.2 per cent and the agro-forestry-marine sector with 10.6 per cent.
Industrial production value of the city is approaching the VND20 trillion (US$1.02 billion) mark this year, the report says. It estimates the city's export revenues at more than $900 million this year.
The report notes that the city has implemented many projects to assist local enterprises integrate into global markets, including personnel training, enhancement of foreign trade capacity and business strategy orientation.
Enterprises have also received preferential interest rate loans worth trillions of dong to expand production and other business activities, it adds.
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