70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Social Affairs
Gov’t to earmark over $3.2 billion for poverty reduction 2021-2025
Hai Yen 21:53, 2021/07/23
The poverty rate declined sharply from 9.88% in 2015 to 2.75% in 2020, with over eight million people being left the poor and near-poor status.

As part of the national program on sustainable poverty reduction in 2021-2025, the Vietnamese Government is set to earmark VND75 trillion (US$3.2 billion) for this purpose.

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung revealed the figure at a sitting of the National Assembly today [July 23].

 Minister of Labor, Invalids, and Social Affairs Dao Ngoc Dung at the sitting. Photo: Le Son

For the past five years, Dung said the poverty rate declined sharply from 9.88% in 2015 to 2.75% in 2020, saying over eight million people escaped from the poor and near-poor status.

“Vietnam is the first and also among 30 countries adopting the multi-dimensional approach for assessing poverty, in line with sustainable development goals,” he noted, saying the country has achieved the UN’s millennial goals on poverty reduction ahead of schedule.

Giving the specific plan on poverty reduction in the next period, Dung noted the Government's plans to address localities with a high poverty rate of over 40%, including the Muong Nhe District (Dien Bien Province) at 59.97%, Ky Son District (Nghe An Province) with 42.21%; and Dong Van District (Ha Giang Province) with 41.96%.

“Unsustainable poverty reduction in certain provinces are partly due to natural disasters and diseases, along with the lack of necessary skills of its population to compete in the labor market,” Dung added.

Under the multi-dimensional poverty standards in 2022-2025, Vietnam is expected to have 4.47 million households, or 17.44 million people, having income under the poverty threshold by January 2022.

“Growing economic development leads to higher living standards, and therefore also raises the poverty standards, which require huge resources to fully resolve the issue,” Dung added.

Among measures set up by the government, Dung said the focus would be to improve socio-economic infrastructures as a means to boost livelihood diversification for the poor.

According to Dung, the specific goals of the program is to reduce the national poverty rate by 1-1.5% per year; the rate of poor households in poor areas to decline by 4-5% per year; rate of poverty in ethnic groups to drop by 3% per year under the multi-dimensional poverty standards.

The government expects the rate of people in poor areas to have access to job training by 60%, and at least one member in the poor and near-poor households to have a sustainable job.

RELATED NEWS
TAG: Vietnam poverty reduction poor households MoLISA
Other news
13:51, 2024/03/25
Gen-Z workers driven by career advancement and work environment
Approximately three-quarters of Gen Z employees or students are looking for a job that is fun.
20:39, 2024/03/22
Wide range of World Water Day 2024 activities in Vietnam
Vietnam emphasizes the importance of providing clean water nationwide, and the rapid progress it's making.
21:13, 2024/03/19
Hanoi police fine street vendors for overcharging foreign tourists
Hanoi authorities have asked the vendor to behave in a manner befitting Hanoi's image.
09:16, 2024/03/16
USAID launches US$3 million project to protect Vietnam's natural habitat
The US, through this project, will support Vietnam's restoration of coastal biodiversity and sustainable management of marine resources to strengthen coastal resilience.
15:33, 2024/03/14
Hanoi to improve children's legal knowledge
Teaching students about traffic law is one of the most important aspects of legal education.
11:42, 2024/03/11
Hanoi celebrates Vietnam Book and Reading Culture Day 2024
Reading movements will be launched in families, schools, public offices, the armed forces and communities.