Overcoming fluctuations, Ca Mau's economy maintains growth momentum

DNVN - Despite facing many disadvantages due to the impact of tax imposition, price fluctuations in the world market, and natural disasters that adversely affected production... over the first 9 months of 2025, Ca Mau's economy still achieved a fairly good growth rate.

The above information was provided by the Ca Mau Provincial Department of Finance at a press conference on the socio -economic situation in the first nine months of the year. Accordingly, GRDP increased by 7.53% compared to the same period last year, with the agriculture, forestry, and fisheries sector increasing by 5.40%; industry and construction by 8.56%; the service sector by 9.18%; and product taxes less product subsidies increasing by 7.26%. Total fisheries production reached over 112,000 tons, equivalent to 71.5% of the target, with shrimp production reaching 58,100 tons, an increase of 8.2% compared to the same period last year.

Agricultural production in Ca Mau province remained stable and developed well during the first nine months of the year.

Agriculture is developing well.

According to the Ca Mau Provincial Department of Finance, despite adverse natural disasters affecting rice and shrimp production for farmers and fishermen, aquaculture and shrimp production have increased thanks to the initial application of solutions to improve productivity and output in improved extensive farming and super-intensive recirculating aquaculture. Many farming areas have achieved international certifications (ASC, BAP, Organic), enhancing the brand of Ca Mau shrimp.

The total aquaculture area of ​​the province over the first nine months reached more than 422,700 hectares; of which, the area for intensive and super-intensive shrimp farming was over 34,500 hectares, the area for improved extensive shrimp farming was 197,000 hectares (exceeding the plan by 3.7%, an increase of 5% compared to the same period last year); and the area for combined extensive farming (shrimp-mangrove, shrimp-rice, shrimp-crab-fish, etc.) was over 184,800 hectares.

Notably, at this time, the prices of tiger prawns and whiteleg prawns have increased compared to the same period last year (up from 20,000 to 27,000 VND/kg), bringing joy to prawn farmers due to a bumper harvest and favorable prices. Meanwhile, the area for freshwater fish farming reached 26,500 hectares, while the area for saltwater and brackish water fish farming exceeded 380,800 hectares. The area for farming freshwater fish, cage-farmed fish, blood cockles, and clams has also increased. This shows that when prices rise and product outlets are stable and profitable, it stimulates farmers to increase their income and improve their family's living standards.

Shrimp farming output has increased thanks to the initial implementation of productivity-enhancing solutions.

Overall, agricultural production remained stable and developed well. Cumulative rice planting covered over 282,600 hectares (89.7% of the plan, a 7% increase compared to the same period last year), with an average yield of 6.04 tons/ha. The total summer-autumn rice production reached over 1,677,000 tons. Although the harvest was bountiful, there were periods when rice prices plummeted to only 5,500 VND/kg, causing hardship for farmers due to increased costs. Many households only broke even or made a meager profit.

Faced with the paradox of "bumper harvest, falling prices" for rice, the People's Committee of Ca Mau province has directed departments, agencies, and localities to promote research, application, and transfer of advanced technologies to help farmers reduce production costs. At the same time, the province has requested strengthened agricultural extension work, organized field workshops, and replicated effective production models that both contribute to environmental protection and increase the value and yield of rice. In addition, the province has issued 219 planting area codes and continues to implement the Project on 1 million hectares of high-quality, low-emission rice linked to green growth.

Exports increased significantly.

According to the finance sector, the supply and demand of essential goods are ensured, with abundant and diverse products in terms of design, guaranteed quality, and relatively stable prices. There is no shortage or scarcity of goods, meeting the needs of consumers and serving production and business activities for the people. Total retail sales of goods and consumer service revenue reached VND 161,524 billion (equivalent to 78.4% of the plan).

Goods exports increased significantly, mainly focusing on seafood and fertilizers. Export turnover in the third quarter is estimated at US$1,892.2 million (72.8% of the plan). Seafood exports are estimated at US$1,720.6 million (71.2%, a 3.5% increase compared to the same period last year); fertilizer exports are estimated at US$129.6 million (92.6%); and other goods are estimated at US$3.5 million…

Ecotourism and community-based tourism create diversity and enhance the experiences of tourists, contributing to the formation of many unique tourism products in Ca Mau.

Regarding tourism activities, the positive growth momentum continues, entering a new growth phase. Promotional, marketing, and state management activities have been implemented synchronously, successfully organizing major events in the "Ca Mau - Destination 2025" program. Many localities have developed new tourism models, linked to traditional folk music, ecotourism, and community tourism, creating diversity and enhancing experiences for tourists, contributing to the formation of many unique tourism products. Over the past nine months, the province has welcomed more than 6.7 million visitors, generating total revenue exceeding 750 billion VND.

In the field of business development, there have been many positive developments since the beginning of the year, with a high increase in the number of newly established businesses. Currently, the province has 1,270 newly established businesses, with a total capital of over 7,400 billion VND, averaging 5.8 billion VND per business (a 78.6% increase compared to the same period last year), bringing the total number of businesses in the province to over 9,200, with a total registered capital of over 120,000 billion VND.

Total state budget revenue reached 86.6%, and local budget expenditure reached VND 17,466 billion (equivalent to 64% of the projected budget). Currently, Ca Mau province is focusing on accelerating the progress of projects, especially key projects of the province; coordinating with central ministries and agencies to implement the investment project for the expressway from the center of Ca Mau to Dat Mui. To accelerate the disbursement of public investment capital, the Provincial Party Standing Committee has held four meetings to direct departments, localities, and investors to disburse VND 12,248 billion by the end of the year as targeted.

Ca Mau province is planning and developing strategies to export electricity to several Southeast Asian countries, a significant step forward compared to many other provinces and cities nationwide.

To effectively achieve economic, cultural, social, and national defense and security goals, Ca Mau province has outlined 13 comprehensive solutions for departments, agencies, communes, wards, and the entire two-level political and government system to focus on implementing from now until the end of 2025 to complete the targets and objectives set by the Provincial Party Committee.

Ca Mau plans to export electricity.

In addition, the implementation of renewable energy projects has also seen positive progress. For wind power, 26 projects have been approved for investment with a total capacity of 1,612.2 MW, of which 14 projects with a total capacity of 694.2 MW are already in commercial operation; 4 projects with a total capacity of 417 MW are under construction; 6 projects with a total capacity of 351 MW are undergoing investment procedures; and 2 projects are currently evaluating applications from interested investors.

In addition, there are 22 other projects with a total capacity of 1,393 MW in the planning that have attracted investor interest and are proposing investment policies. Regarding solar power, by the end of Q3/2025, Ca Mau Power Company is currently managing 2,827 rooftop solar power customers with a total capacity of 295,494 MWp. In the fields of wind and solar power, Ca Mau province has planned and developed strategies for exporting electricity to several Southeast Asian countries, a significant step forward for Ca Mau compared to many other provinces and cities nationwide.

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Source: https://doanhnghiepvn.vn/kinh-te/vuot-qua-bien-dong-kinh-te-ca-mau-giu-da-phat-trien/20251014040305478