Vietnam’s Poverty Rate Expected To Remain Below Five Percent Next Year

Vietnam’s Poverty Rate Expected To Remain Below Five Percent Next Year

HO CHI MINH CITY, Oct 3 (Bernama) — The rate of households living below the poverty line in Vietnam is expected to remain under 5 per cent in 2015 and fall 1.5 per cent annually until 2020, Vietnam News Agency (VNA) reported.

Do Manh Hung, deputy chairman of National Assembly’s Committee on Social Affairs, said the rate of poor districts is projected to fall below 30 per cent and poverty relapse would continue to decline.

Vietnam has made huge achievements in poverty reduction during the past decades, Hung said at a poverty reduction seminar in the southern region on Friday.

Poverty rate fell from 22 per cent in 2005 to 9.45 per cent in 2010.

The country recorded six regions with a poverty rate above 20 per cent in 2005 and four in 2010.

Northeastern and northwestern regions recorded a 20 per cent poverty rate in 2011.

Assistance in providing jobs and healthcare services has been part of Vietnam’s poverty-reduction efforts.

Between 2006 and 2010, more than 150,000 workers received free vocational training courses and 60 per cent were able to find a job or become self-employed.

Between 2010 and 2012, an additional 1.1 million workers were provided vocational training courses with 11 per cent living below the poverty line.

A report from the Labour, Invalids and Social Affairs Ministry says 468 vocational training centres have been built in 51 provinces.

— BERNAMA

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