Vietnam's multidimensional poverty rate to reduce to 2.93 per cent by year-end


HANOI (Xinhua): The multidimensional poverty rate in Vietnam will reduce to 2.93 per cent in 2023, Vietnam News Agency reported on Monday, citing a government report on implementation of the national program on sustainable poverty reduction.

Vietnam has set the target of reducing the proportion of poor households in poor districts and ethnic minority areas to 33 per cent and 17.82 per cent respectively by the end of this year.

By year-end, nine additional communes are expected to be omitted from the list of specially disadvantaged communes, according to the programme.

According to a report of the United Nations Development Program and the Oxford Poverty and Human Development Initiative, Vietnam is one of the 25 countries that have reduced their multidimensional poverty index by 50 per cent.

About 3.5 per cent of Vietnam's population are currently vulnerable to multidimensional poverty, while deprivation of educational access being the top contributing factor at 40.7 per cent, the report said. - Xinhua

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Vietnam , Poverty Line , Going Down

   

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