Gov't approves national target program on poverty reduction for 2021-2025

As the country is pursuing inclusive development, it is imperative to raise the minimum living standards and provides the people across the country with an opportunity to access basic public services.

The Vietnamese Government will focus on substantial and sustainable poverty reduction for everyone and at any time.

Investment in infrastructure development in poor districts, remote and coastal areas is a key item of the program.

By 2025, the Government targets to reduce the number of poor and near-poor households under the multi-dimensional poverty standards by half compared to when the program was launched

the Government will support the implementation of 1,000 poverty reduction models to create a better and sustainable livelihood for those that have just escaped poverty, while improving the GDP per capita of households in the project by at least 25% per year.

The Government expected around 500,000 households to benefit from this project every year.

Other key goals of the program include 60% of workers in poor areas receiving job training, and 100% of those seeking vocational training can find it.

While poverty reduction has been a government’s long-term priority, the lack of sustainability remains a key challenge as many in disaster-hit areas have returned to poverty.

Given the limited State budget, close supervision from legislative bodies is required to ensure effective implementation of the program

Priorities should be to improve transport infrastructure and inter-provincial linkage

People living in areas subject to high risk of floods and landslides should be relocated to minimize the impacts of natural disasters on their lives.

A comprehensive forecast on opportunities and challenges in realizing the national program on poverty reduction is necessary, especially as the Covid-19 pandemic is putting more hardship on vulnerable groups.

The specific reduction rate for multi-dimensional poverty is expected to be an average of 1-1.5% per year.

It is imperative to raise the minimum living standards and provides the people with an opportunity to access basic public services, as the goal is to promote inclusive development or to eradicate poverty for everyone everywhere, at any time and in any dimension

The Vietnamese Party and State consider sustainable poverty reduction a consistently important priority of national renewal, construction, and development.

It’s an important part of the socialist orientation of Vietnam to ensure human rights and the social security rights of citizens

Vietnam obtained remarkable achievements in poverty reduction during the past five years.

The government has adopted coordinated and comprehensive programs, mechanisms, and policies to reduce poverty, with priority given to ethnic minority people and other vulnerable people living in disadvantaged areas.

Vietnam was one of the first 30 countries in the world to adopt a multidimensional approach to poverty reduction, an approach that combines sustainable growth with ensuring a minimum living standard for its people.

In the next five years, this approach will work to raise household incomes and access to social services for the poor.