Accelerating to achieve economic growth target

The city focuses on implementing solutions to promote consumption. In photo: Activities at GO! Can Tho supermarket.

Many fields achieved positive results

According to the report of the Department of Finance of Can Tho City, the growth rate of gross regional domestic product (GRDP) in the first 9 months of 2025 increased by 7.39% over the same period in 2024. The agriculture, forestry and fishery sector (sector I) accounted for 21.97%; the industry and construction sector (sector II) accounted for 27.89%; the service sector (sector III) accounted for 44.77%; product taxes minus product subsidies accounted for 5.37% of the GRDP structure.

Notably, many sectors achieved positive results, contributing to the overall growth of the city. Total retail sales of goods and service revenue in the first 9 months are estimated to increase by 17.93% over the same period last year. The tourism sector recovered strongly, attracting more than 9.3 million visitors, up 20.13% over the same period; revenue reached over VND 8,000 billion, up 33% over the same period. The export value of goods and foreign currency revenue is estimated to increase by 12.1% over the same period; the industrial production index increased by 8.65% over the same period. Total state budget revenue reached 77.23% of the central government's estimate.

The business investment environment continues to improve. In the past 9 months, the city has had 3,326 newly established enterprises, an increase of 40.63% over the same period; enterprises returning to operation increased by 16.24% over the same period; dissolved enterprises decreased by 23.18% over the same period. The city attracted 19 new investment projects; including 18 domestic investment projects with a total registered investment capital of more than 19,003 billion VND and 1 foreign direct investment (FDI) project with an investment capital of 100 million USD.

Mr. Nguyen Hoang Anh, Deputy Director of the Department of Agriculture and Environment of Can Tho City, said: Contributing to the city's economic growth, the sector was assigned to develop a plan to implement solutions for sector I to grow at least 3.53%. On that basis, the sector has allocated targets from cultivation to livestock and aquaculture. In particular, the strengths of each target are determined and allocated to create opportunities for localities to promote their advantages. Therefore, after 9 months, the growth rate of sector I is guaranteed, increasing by 3.58%, exceeding the set plan, contributing 0.85 percentage points to the overall growth of the city's economy.

Speed up task completion

In addition to the positive results, the socio-economic situation in the city still has some difficulties and limitations. Economic growth in the first 9 months has not reached the set scenario of 9.03%. Some businesses are facing difficulties, reducing production scale, reducing labor to maintain business activities because they have not been able to expand orders and new markets.
Some service sectors grew slowly compared to the same period, such as finance, banking and insurance activities increased by 5.11%; healthcare and social assistance activities increased by 4.69%... Thereby, it shows that the demand for credit to serve the expansion of production, business and consumption activities has not really recovered. The disbursement of public investment capital is low, mainly due to the problems of site clearance, construction material supply... Therefore, to ensure the completion of the socio-economic development task in 2025, in the last months of the year, the city will focus on promoting the implementation of key solutions.

According to Mr. Duong Van Ngoanh, Acting Director of the Department of Finance of Can Tho City, the city strengthens financial discipline and the State budget; focuses on cutting and simplifying administrative procedures and business conditions, and implementing administrative procedures smoothly and effectively. Strengthening trade promotion, stimulating consumption, promoting the distribution of goods through digital platforms and e-commerce; actively responding to the campaign "Vietnamese people prioritize using Vietnamese goods". Along with that, boosting exports, especially for key products with competitive advantages and to large, potential markets. Proactively develop plans to respond to unusual developments in weather and climate, minimizing possible damage, ensuring safety, life, health and stabilizing people's lives.

In the first 9 months of 2025, Can Tho City Tax Department collected VND 18,497 billion in state budget revenue, equal to 77.3% of the estimate, an increase of 9.5% over the same period in 2024. Mr. Phan Tien Lan, Head of Can Tho City Tax Department, said: The city tax department analyzed and evaluated in depth and in detail the results of the 9-month budget collection according to each tax, each field, each unit and the socio-economic development situation of each locality. On that basis, accurately forecast the budget collection situation in October and the whole year of 2025, striving to complete the highest state budget collection task in 2025. At the same time, promptly and effectively implement the policies of tax exemption and reduction, land rent extension that have been issued to support businesses and people in production and business.

At the recent regular meeting of the Can Tho City People's Committee in September 2025, Mr. Truong Canh Tuyen, Chairman of the Can Tho City People's Committee, emphasized: To promote economic growth, the city focuses on three main growth drivers: investment, consumption and export; in which, disbursement of public investment capital is an urgent task. In the fourth quarter of 2025, the city will accelerate the drastic implementation of solutions, striving to achieve the set growth target. Departments, branches, sectors, People's Committees of communes and wards continue to promote the spirit of solidarity, proactiveness, creativity, and coordination to remove difficulties in the process of implementing tasks. Review each target and task assigned to the unit to develop plans and solutions to focus on implementation for the common development of the city. The Department of Finance urgently proposed to adjust the public investment capital plan for 2025; supplement the regular expenditure estimates of departments, branches, and localities, ensuring effective use of resources. Relevant units resolutely remove difficulties and obstacles to speed up the disbursement of public investment capital; especially site clearance and support for construction materials for projects.

Article and photos: T. TRINH

Source: https://baocantho.com.vn/tang-toc-de-hoan-thanh-muc-tieu-tang-truong-kinh-te-a192607.html