Can Tho takes third position in retail sales

Created 13 January 2018
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CAN THO - Can Tho City’s total retail sales of goods and services last year amounted to over VND106 trillion (US$4.7 billion), ranking third in the country behind HCMC and Hanoi, the city’s Department of Industry and Trade said at a conference on January 11.

Consumers select farm produce at a supermarket in Can Tho City. Retail revenue from goods and services in Can Tho City exceeded VND100 trillion for the first time in 2017 - PHOTO: TRUNG CHANH

At a conference on the sector’s performance last year and plans for this year, the department informed that the city’s retail sales in 2017 exceeded VND100 trillion for the first time and increased by VND10.4 trillion over 2016.

In the Mekong Delta region, An Giang Province took the second position with total retail revenue amounting to nearly VND95 trillion, or VND11.1 trillion lower than Can Tho’s. Meanwhile, retail sales in Tra Vinh Province stood at VND23.2 trillion, the lowest in the delta.

Among cities under the central Government’s direct administration, HCMC took the lead with its retail revenue climbing to VND923.8 trillion while Hanoi ranked second with VND561 trillion, increasing VND241.1 trillion and VND56 trillion versus the previous year, respectively.

In addition, the northern city of Haiphong and the central coast city of Danang reported total retail sales of around VND104.2 trillion and VND79.1 trillion respectively.

Notably, Danang’s retail revenue was even lower than that in some Mekong Delta provinces such as An Giang and Kien Giang (VND84 trillion).

According to the Department of Industry and Trade of Can Tho City, goods and services prices in the city were quite stable while the distribution network was expanded citywide last year. In addition, commercial centers and supermarkets regularly held promotion programs, attracting consumers and contributing to increasing the city’s retail sales.

Nguyen Minh Toai, director of the municipal Department of Industry and Trade, had earlier forecast that the city’s retail sales would continue growing in 2017 thanks to the presence of commercial centers and outlets of Saigon Trading Corporation (Satra) and Vingroup in the city.

Moreover, Can Tho City earned nearly US$1.77 billion from exports and services last year, up 13.9% over 2016, including some US$1.4 billion from exports and US$370 million from foreign currency services, rising 16.3% and 5.7% against the previous year.

Meanwhile, the city’s total import spending reached nearly US$428 million, surging 32.7% versus 2016.

 

Source: ThesaigonTimes

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