Can Tho earns more than 451 million USD from retail, services
Can Tho earns more than 451 million USD from retail, services in August
The Mekong Delta city of Can Tho earned more than 10.5 trillion VND (451.5 million USD) in retail and service revenue in August, up 15 percent year on year, according to the city’s Statistics Office.
Can Tho (VNA) – The Mekong Delta city of Can Tho earned morethan 10.5 trillion VND (451.5 million USD) in retail and service revenue inAugust, up 15 percent year on year, according to the city’s Statistics Office.
Of the total, the private sector contributed more than 6.35 trillion VND(273.05 million USD), a rise of 11.88 percent over the same period last year.
Trade made up 80.77 percent of total revenue with 8.48 trillion VND, anincrease of 15.5 percent year on year, while hotel and restaurant earnings were948.34 billion VND, up 15.93 percent.
The major reason for the rise was diverse promotion programmes run byshops and supermarkets in the summer, which encouraged consumption.
The results pushed total revenue of retail and service in the city inthe first eight months of 2018 to 80.8 trillion VND, a jump of 12.91 percentover the same period last year.
However, despite the rise, the consumer price index of the city did notincrease sharply at 4.44 percent year on year.
The highest rise was seen in medicine and medical services at 14.44percent, while upturn was also seen in the prices of goods with 6.29 percent,housing; water and electricity supply, fuel and construction materials with6.66 percent; and transportation with 8.48 percent.
Consumer goods recording the lowest rise in price were householdappliances at only 1.58 percent as many distributors ran promotion programmes.
The prices of other goods and services rose 2.35 percent over the sameperiod last year, while the price of foodstuff increased 2.62 percent due tothe rise in prices of pork, poultry meat and aquatic products.
At the same time, culture, entertainment and tourism prices also increased3.08 percent year on year.-VNA
The Mekong Delta city of Can Tho will host celebrations to mark the 45th anniversary of Vietnam-Japan diplomatic ties and the fourth Vietnam-Japan culture and trade exchange programme from November 2-4.
Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).
The Mekong Delta city of Can Tho welcomed 82,800 visitors, including 6,200 foreigners, in the three-day National Day holidays spanning from September 1-3, a rise of 8 percent year on year.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative Image (Source: VNA) 
