Can Tho City Addresses Growth Bottlenecks for Sustainable Development

Can Tho City, a key economic hub in Vietnam's Mekong Delta region, is struggling to achieve its targeted economic growth rate. Despite the strong determination and significant efforts of its citizens, the city's Gross Regional Domestic Product (GRDP) growth has fallen considerably short of initial plans. The primary cause for this slowdown is attributed to 'bottlenecks,' or structural issues, that have been hindering the city's economy for many years. Promptly resolving these challenges and removing the stagnation in economic activities is an urgent priority to set the city on a path of sustainable growth. Can Tho City has previously undertaken ambitious initiatives to invigorate its economy, including launching emulation movements aimed at achieving 'double-digit growth.' Furthermore, the city has outlined the resolute promotion of key energy projects as a new driver for growth. However, achieving these goals necessitates the formulation of more detailed and decisive growth scenarios, coupled with the execution power to match. To fully unlock the region's economic potential and contribute to the overall development of the Mekong Delta, Can Tho City is called upon to make decisive moves and take action to overcome its structural impediments. Source: Nhan Dan