Hanoi’s poverty rate sharply declines
15/3/20
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Hanoi streets |
The rate of poor households in Hanoi has drop to 0.42 percent in early 2020 from 3.64 percent in 2016.
With this outcome, the capital has fulfilled its poverty reduction goal two years ahead of schedule.
At present, Hanoi counts 8,754 poor households.
As of the end of 2019, the city arranged over 8.5 trillion VND (366.6 billion USD) from its budget to implement poverty reduction programmes such as generating jobs, building new-style rural areas, and paying health insurance for poor and nearly-poor people.
From 2016 to 2019, the People’s Committees at the grassroots level sourced investment from local budget, individuals and organisations to support 7,165 needy households to build and upgrade houses./.
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The city’s success in poverty reduction was largely attributed to its efforts to expand vocational education
Hanoi has effectively mobilised all possible resources for poverty elimination and expand sustainable poverty reduction models.
About six million Vietnamese people escaped from poverty between 2012-2016, with the poverty ratio dropping from 15.9 to 9.1 percent during the period,
Vietnam has made in implementing the Sustainable Development Goal (SDG) No.1 on poverty reduction.
whether Vietnam becomes successful in poverty reduction or not largely depends on the country’s capacity to ensure inclusive growth and create better employment opportunities for people and effectively support those who are at risk of being left behind
Social policy credit has come to all wards, communes and towns nationwide, focusing on poor and ethnic minority households in remote, especially disadvantaged, border and island regions.
Vietnam has attained significant achievements in alleviating poverty and hunger so far,
this is a consistent priority and ultimate goal of Vietnam,
Vietnam has been consistent in improving its institutions, policies and laws for poverty elimination
Vietnam has gained important outcomes in poverty reduction thanks to the leadership of the Communist Party of Vietnam; the regular directions of the National Assembly and Government; and the joint efforts of all sectors and society
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