Vietnam makes strides in poverty reduction: World Bank
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period, with the rate of poverty declining to only 5 percent from 16.8 percent, according to the World Bank (WB).
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period. (Photo: VNA)
Hanoi (VNA) – Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period, with the rate of povertydeclining to only 5 percent from 16.8 percent, according to the WorldBank (WB).
The WB said over 10 million people were supportedto escape from poverty in the period.
The sudden outbreak of the COVID-19 pandemic at the end of the decade has stalled progress onwage increase and improvement in job quality, and delayed the poverty reductionprogress and effort.
The WB will release a report on poverty and equality in Vietnamin 2022 at a ceremony on April 28. The event aims to discuss povertyand inequality trends over the past decade, negative impacts of the COVID-19pandemic, and grinding poverty reductionchallenges facing the Southeast Asian nation.
ꦕ Participants to the event will focus on clarifying the path tomiddle and high income; related policies including the improvement of the qualityof higher education, the modernisation of social security system, and thedevelopment of public financial resources to meet the needs of an increasing middleclass.
Illustrative image (Photo: VNA)
According to the WB, Vietnam needs to have target povertyreduction policies and new strategies to help those who have escaped povertyachieve economic security, towards further accelerating poverty reduction and improvingliving standards in Vietnam for all people.
Currently, the rate of grindingpoverty in Vietnam still remains marginally higher in certain groups and this is also a challengeat the last leg of the poverty reduction journey in the country.
Equity investment in human capital is a necessary condition for inclusivelyreducing poverty and breaking the trend of intergenerational poverty.
According to the WB’s Macro Poverty Outlook for Vietnam in 2022 released onApril 22, the poverty rate in Vietnam is expected to decline in2022, but at a slower pace than pre-COVID-19.
Poor households were less able to cope with theimpact from income shocks and were more reliant on external sources such asborrowing.
🐲 Vietnam’s poverty reduction is expected to resumein 2022 assuming GDP growth recovery to pre-COVID rates, but the impact of thecrisis may have longer term effects on rising inequality./.
Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank.
Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank.
Director-General of the Vietnam Social Security (VSS) Nguyen The Manh asked the World Bank (WB) to help the agency further improve the quality and effectiveness of its social and health insurance services during his meeting with WB Country Director for Vietnam Carolyn Turk in Hanoi on April 21.
The Ministry of Transport has submitted to the Prime Minister a proposal on investment policy for a project on developing inland waterway and logistics corridors in southern Vietnam.
The programmes have brought about positive changes to rural infrastructure, comprehensively improved the material and spiritual lives of farmers, and contributed to Vietnam's economic restructuring, said PM Pham Minh Chinh.
The festival highlighted the contributions and robust development of Vietnam's revolutionary press over the past century while promoting press products and showcasing the creativity of Vietnamese journalists.
The programme on sustainable poverty reduction has achieved its annual targets for reducing the poverty rate as assigned by the National Assembly and the Government. It has fulfilled five specific objectives and five five-year goals, and met nine out of 12 indicators related to addressing basic social service shortages.
UNICEF stands ready to support the Government in implementing this important law and in continuing to invest in teachers as the cornerstone of a resilient, inclusive, and high-quality education system for all children.
PM Pham Minh Chinh highlighted how Vietnam's revolutionary press has continuously evolved and strengthened over the past century, affirming its role as a sharp and vital political, cultural, and ideological weapon serving the Fatherland and the people in the glorious revolutionary cause of the Party.
Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
In recent interviews granted to the Vietnam News Agency (VNA)'s reporters in Mexico, prominent figures reflected on the press’s legacy and its global influence.
VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
In the context where AI dominates and produces vast volumes of content, the only sustainable path forward for journalism is to focus on high-quality content and core values. Journalism must redefine its mission - not to report the fastest, but to provide the most profound and trustworthy value.
Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period. (Photo: VNA) 
Illustrative image (Photo: VNA) 
