Can Tho seeks new policies to address economic growth bottlenecks

Can Tho is addressing economic bottlenecks to foster sustainable growth. In the first half of 2026, the city's GRDP growth rate was 6.7%, ranking 31st out of 34 provinces and cities in Vietnam. This performance fell short of double-digit targets due to slow public investment disbursement, which reached only approximately 75% in 2025. Key infrastructure, industrial, and urban projects have faced delays caused by land clearance issues, resettlement challenges, and a shortage of construction materials.

The city's industrial sector grew by an estimated 10%, lower than planned, while the agricultural sector remains a significant part of the economic structure despite its limited contribution to overall growth value. Additionally, while new business registrations have increased, the rate of business dissolutions and suspensions remains alarmingly high.

To combat these issues, Can Tho is seeking new special development mechanisms. The city is consulting on a draft decree to replace Resolution 45/2022/QH15, which is set to expire in February 2027. The proposed new policies aim to redesign the city's regulatory framework to better suit its expanded development space. Key proposals include establishing a regional center for agricultural production and processing in the Mekong Delta, providing incentives for the use of scientific and technological infrastructure, and addressing land management issues for agricultural and forestry farms.