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The figure surpasses the set target by 10.1 per cent and was the result of an average 20 per cent increase each year. — Photo canthotv
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CAN THO (Biz Hub) — Can Tho city's total retail and service sales during 2010-14 reached VND320.9 trillion (US$14.7 billion), according to the municipal Department of Industry and Trade.
The figure surpasses the set target by 10.1 per cent and was the result of an average 20 per cent increase each year.
The result also put the Mekong Delta city third in the country in terms of retail and service revenues, only behind HCM City and Ha Noi.
According to Le Hung Dung, chairman of the Can Tho city People's Committee, the high and steady growth was gained through improved infrastructure and investment in modern trade and service models such as supermarkets, shopping centres, hotels and restaurants.
The commerce and service sector will account for 60.1 per cent of the city's GDP by the end of this year and is expected to increase to 61.75 per cent by 2020.— VNS