On December 6-7, the People’s Committee of Can Tho City held a meeting with various departments to discuss, analyze, and evaluate the implementation results of the 2025 economic growth scenario and the targets, tasks for 2026.
Mr. Truong Canh Tuyen, Chairman of the People’s Committee of Can Tho City, speaking at the meeting
Mr. Vo Nhut Quang, Deputy Director of the Department of Finance of Can Tho City, reported that the GRDP growth rate in 2025 reached 7.23%, with Sector 1 at 3.79%, Sector 2 at 8.01%, and Sector 3 at 8.79%; product tax achieved 4.99%.
Compared to the target scenario, the 2025 growth fell short by approximately 2.77 percentage points. The Department of Finance has advised the People’s Committee of Can Tho City to submit to the City Council a target GRDP growth rate of 10-10.5% or higher for 2026.
Mr. Quang noted that while the 2025 growth did not meet the set target, it clearly demonstrated the significant efforts of the Party Committee, local authorities, businesses, and the people of Can Tho City. It also reflects the city’s development status amidst organizational restructuring and provincial administrative boundary consolidation.
Mr. Thieu Vinh An, Head of Can Tho City Statistics, analyzed: “The main reason for the economic growth falling short of expectations lies in two sectors. In the industrial sector, electricity accounts for 19% of the industry’s total output but decreased by 18% in the fourth quarter. While manufacturing showed good growth, some industries did not meet expectations.”
CLIP: Mr. Thieu Vinh An, Head of Can Tho City Statistics, analyzes the reasons for the city’s GRDP falling short of expectations
Additionally, Mr. An pointed out that in the service sector, the growth rate of the accommodation industry in the fourth quarter was not achieved, and some businesses in this sector experienced declines of over 30%.
According to Mr. Ngo Thai Chan, Director of the Department of Agriculture and Environment, the sector plans to focus on producing high-quality rice varieties and applying science and technology to production and cultivation in 2026.
“This year, the seed center collaborated with Mr. Ho Quang Cua to produce the ST25 rice variety. As much as we produce, it sells out completely,” said Mr. Chan.
Mr. Ngo Thai Chan, Director of the Department of Agriculture and Environment, stated that the ST25 rice variety is nearly sold out as soon as it is produced
Concluding the meeting, Mr. Truong Canh Tuyen, Chairman of the People’s Committee of Can Tho City, emphasized that from 2011 to the present, the 2021-2025 period has seen the highest growth but still falls short of the requirements for rapid and sustainable development.
The Chairman of the People’s Committee of Can Tho City requested that the agriculture sector, when planning, assign commune-level officials to carefully review data. For Sector 2, regarding projects in industrial zones, the Management Board of Export Processing and Industrial Zones should promptly update data for the Statistics Bureau.
“The people expect us to work with a sense of responsibility, determination, and urgency to fulfill the tasks of 2026,” said Mr. Truong Canh Tuyen.
Inside the $130 Million National Highway Upgrade Project in Can Tho
The Cần Thơ People’s Committee has directed relevant agencies and local authorities to prioritize land clearance for the upgrade and expansion of the first 7 km segment of National Highway 91, with a strict deadline of December 31.
Can Tho Projects 10-10.5% GRDP Growth in 2026, Following 2025 Performance Review
On the morning of December 6th, the People’s Committee of Can Tho City convened a conference to assess the implementation results of the 2025 economic growth scenario and outline tasks and solutions for 2026. Despite achieving a growth rate of only 7.23%, falling short of the set target, the city acknowledges this as a significant effort amidst ongoing administrative boundary adjustments and inherent challenges. These include persistent land procedure issues, industrial production constraints, and the sluggish recovery of the service sector.
9-Month Review: Home Loans and Mortgages Lead Consumer Credit Growth in Ho Chi Minh City and Dong Nai
Unlock the potential of your capital with our tailored financing solutions. Whether you’re purchasing, leasing, or renovating a home, or even acquiring land for residential construction, our credit options remain the most sought-after choice, commanding the largest share of total outstanding loans.
Vietnam’s Economic Resilience Poised for a Powerful Surge in 2025, OECD Reports
The Russian news agency Sputnik, citing a report by the Organisation for Economic Co-operation and Development (OECD), highlights 2025 as a pivotal year for Vietnam’s economic surge. The OECD forecasts a remarkable 8.2% growth in Vietnam’s GDP for the third quarter of 2025 compared to the same period in the previous year, marking a significant milestone in the country’s economic trajectory.
Hanoi Shatters Records, Enters Golden Growth Season
With an estimated GRDP growth of 8.5% for the year, the economy is projected to reach a scale of approximately $63.5 billion, contributing a significant 12.5% to the nation’s GDP.
