Vietnam’s Multidimensional Poverty Ra¬te Drops by 1.2 ppt in 2022

The rate of households with multidimensional poverty in Vietnam was estimated to fall by 1.2 percentage points in 2022, Deputy Minister of Labor, War Invalids and Social Affairs Le Van Thanh said in a conference in Hanoi on January 9.

Last year, the rate of poor households of ethnic minorities dropped over three percentage points y/y while that of poor households in impoverished districts decreased by four-five percentage points y/y, Mr. Thanh said.

As of December 31, 2022, over 6.5 million poor and near-poor households had a total VND283 trillion ($11.79 billion) debt from social policy credit.

In 2022, Vietnam spent VND23 trillion on poverty reduction policies, including those on vocational training, employment, education and training, health, housing, legal support, and culture.

In 2023, the country aims to reduce the rate of multidimensional poverty by 1-1.5 percentage points, over three percentage points for poor households of ethnic minorities, and four percentage points for poor households in indigent districts. (Bao Dan Sinh)