Ca Mau province's GRDP grows 6.45% in 9M

Southernmost Ca Mau province posted significant economic growth in the first nine months of the year, with a GRDP growth rate of 6.45% year-on-year, according to the provincial Statistic Office.

Of which, the industry-construction sector rose 7.43%; the services sector 8.4% and the agro-forestry and fisheries sector 3.3%.

Total retail sales of consumer goods and services surged 19.9% and export revenue grew 9%.

The province’s Index of Industrial Production (IIP) increased 5.1%.

Ca Mau targets an economic growth of 7% for the whole year, higher than the national target set by the National Assembly.

To achieve the target, Director of the provincial Department of Planning and Investment Nguyen Duc Thanh has proposed relevant departments and agencies to strive to fulfill assigned tasks, particularly speeding up disbursement of public investment capital.

As of September 27, the province disbursed over VND2.36 trillion ($94 million), equal to 45.3% of the yearly target, much lower than expectation.