Can Tho: Early industrial restructuring needed for breakthrough growth
The Mekong Delta city of Can Tho needs to accelerate industrial restructuring, towards creating breakthroughs in its economic growth, a local official has said.
Seafood processing for export - Illustrative image (Source: //baocongthuong.com.vn)
CanTho (VNA) – The Mekong Delta city of Can Tho needs to accelerate industrialrestructuring, towards creating breakthroughs in its economic growth, a localofficial has said.
During a recent meeting with representatives from departments and sectors, ViceChairman of the municipal People’s Committee Truong Quang Hoai Nam urged themunicipal Department of Industry and Trade to devise measures to promote industrialrestructuring, especially high-tech industries.
Itis also necessary to adjust policies to encourage the development of supportindustry, and expand and development of new industries, he said.
According to reports at the meeting, Can Tho’s industrial production index(IPI) in the first two months of 2018 increased only 5.63 percent compared to thesame period last year.
Nguyen Minh Toai, Director of the municipal Department of Industry and Trade,said rice production and seafood processing are the main industrial sectors ofCan Tho.
He said the decreased IPI was resulted from the moderate operation of mechanical,seafood and construction firms, and production pause of consumer goodsproducers, food processors, and textiles plants during the country’s largestholiday – the Lunar New Year (Tet) Festival.
Meanwhile, Nam said Can Tho is focusing too much on the rice production andseafood processing, so there were no changes in its industrial production structurefor years.
Chairman of the municipal People’s Committee Vo Thanh Thong asked the Departmentof Industry and Trade to roll out solutions to the issue, towards restructuringthe local industry in the direction of increasing production value.
He also requested the People’s Committees of districts to pay attention tofacilitating construction projects in the locality because the sector is alsoone of the contributors to the IPI.-VNA
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Seafood processing for export - Illustrative image (Source: //baocongthuong.com.vn) 
