Deputy Prime Minister Vu Duc Dam has asked ministries and agencies to soon build the national multi-dimensional poverty standards for the 2021-2025 period to submit to the Prime Minister for approval.
At the meeting of the Central Steering Committee for the National Target Programme on Sustainable Poverty Reduction
He made the request while chairing a meeting in Hanoi on July 14 of the Central Steering Committee for the National Target Programme on Sustainable Poverty Reduction for the 2016-2020 period.
The Deputy PM also told ministries, agencies and localities to approve the National Target Programme on sustainable poverty reduction and social welfare for the 2021-2025 period, and quickly re-arrange administrative units at communal and district level for 2019-2021 for the effective implementation of sustainable poverty reduction policies and programmes.
Deputy Minister of Labour, Invalids and Social Affairs Le Van Thanh reported at the meeting that over VND22.8 trillion (US$991 million) from the State budget has been allocated for the implementation of social welfare and poverty reduction policies.
Over VND10 trillion from the State budget has been earmarked for carrying out the National Target Programme on Sustainable Poverty Reduction this year.
As of June 30, the Vietnam Bank for Social Policies offered loans worth more than VND18.6 trillion to 423,000 poor and near-poor households.
The poverty rate is expected to decrease to below 3% later this year from 3.75% in 2019. The rate has been falling by 1%-1.5% on average each year, while the poverty rate in poor districts has reduced by more than 4 percent, thus fulfilling goals set by the National Assembly and Government.
About support for those hit by COVID-19, Thanh said localities have approved a list of 15.8 million people eligible for a total funding of VND17.5 trillion, more than VND11.2 trillion of which has been disbursed for more than 11 million people, including over 7 million poor and near-poor households.
Participants said the rate of poor households remains high in several mountainous provinces, especially in the northern mountainous and Central Highlands regions.
They highlighted a need to specify sustainable poverty goals in annual and periodic socio-economic development plan, and take into account specific conditions in each region when designing poverty reduction policies.
Several opinions also suggested pooling capital from organisations and businesses for poverty reduction efforts.