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Poverty rate in Vietnam drops to low of 7.8%

Publication Date : 24-04-2014

 

The poverty level in Vietnam has dropped from 22 per cent in 2005 to 7.8 per cent last year, according to the Ministry of Labour, Invalids and Social Affairs.

Total funding mobilised for poverty reduction efforts from 2005 to 2012 reached about 864 trillion dong (US$41 billion), the ministry said at an online meeting between the National Steering Committee on Sustainable Poverty Reduction and officials of 63 provinces and cities yesterday.

The meeting was held to review poverty reduction results between 2005-2013 and the orientation for 2014-15.

However, it was agreed that poverty reduction would be unsustainable if the gap between rich and poor would not decline further, particularly in the northern mountainous and Central Highlands regions.

In many areas, the rate of poverty remains at more than 50 per cent.

Overlapping in poverty reduction policies and management mechanisms was cited as a main reason for the low efficiency in poverty reduction.

The meeting agreed that poverty reduction policies should take into account real conditions of each locality.

Addressing the meeting, Deputy Prime Minister Vu Van Ninh asked relevant ministries, agencies and localities to speed up poverty reduction tasks.

He said reduction must focus on areas with high rates of poor households, especially in mountainous and remote areas.

The PM added that poverty reduction policies needed to include those who had escaped poverty and households on the threshold of poverty.

 

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