Topic: poverty reducton

Poverty rate has been falling 1-1.5% annually under recent program.

National poverty rate stands at 7.52%.

Hanoi is implementing a host of solutions to support sustainable poverty reduction and has set a target of cutting the number of poor households by 25-30 per cent each year and basically having no poor households by the end of 2025. Total funding to 2025 is nearly VND1.6 trillion ($67.6 million).

Having applied a national multi-dimensional poverty line in 2015, Vietnam has been a pioneer in the Asia-Pacific region in applying the line as a tool for targeting and monitoring poverty and policy formulation. However, the poverty that exists among ethnic minorities and people living in some coastal and island areas is a challenge for Vietnam in achieving the sustainable development goals.