Vietnam Targets to Cut Poverty Rate to under 1% by 2025
Vietnam targets to bring national poverty rate down to around 0.9% from the current 2.93%, according to the Ministry of Labor, Invalids and Social Affairs.
The country poverty rate decreased by 1%-1.5% on average annually, and over 3% among ethnic minority population, said Deputy Minister of Labor, Invalids and Social Affairs Le Van Thanh.
The poverty rate in poor districts and dipped by 5.62% to around 33% while the poverty rate among ethnic minority people fell by 3.2% to about 17.82%, Mr. Le added.
In a bid to sustain rapid reduction of poverty in all dimensions in Vietnam, the Ministry of Labor, Invalids and Social Affairs in collaboration with the Committee for Ethnic Affairs (CEMA), the General Statistics Office (GSO), and the United Nations Development Program in Vietnam (UNDP Vietnam) developed a Vietnam Multi-dimensional Poverty Report 2021.
The report provides a detailed analysis of productive employment, basic social services, and social protection for all as key pathways to sustaining Vietnam multidimensional poverty reduction achievements.
The report proposes recommendations for sustaining rapid reduction of poverty in all dimensions and throughout Vietnam along three pathways: (i) promoting broad-based growth and inclusive development through productive employment, (ii) improving delivery of quality social services, and (iii) enhancing resilience through expansion of social protection, particularly the adoption of digital technology in registration and payment.