Poverty rate expected to drop to 7.6% by year-end

08:09, 24/09/2013

The Ministry of Labour, Invalids and Social Affairs (MoLISA) has predicted that Vietnam’s poverty rate will fall to 7.6% by the end of this year and to 2% in 2014.

The Ministry of Labour, Invalids and Social Affairs (MoLISA) has predicted that Vietnam’s poverty rate will fall to 7.6% by the end of this year and to 2% in 2014.

The figures were released at a conference held by the National Assembly (NA) Committee for Social Affairs in Hanoi from September 23-25.

The event aimed to review the MoLISA and the Health Ministry’ budget spending in 2013, make budget estimates for next year and, collect opinions on adjustments to a number of laws.

Participants highlighted the MoLISA’s achievements in vocational training, job generation, child protection, and incentive policies for the poor and social-policy beneficiaries.

The MoLISA reported that more than 990,000 were employed after the eight months of this year, meeting 62% of the yearly set target. Over 1 million workers are expected to be trained in 2013.

However, many delegates noted with deep concern about the gap between the rich and the poor and between urban and rural areas, adding that poverty reduction should be ensured on a sustainable basis.

While touching upon salary and employee recruitment, MoLISA Minister Pham Thi Hai Chuyen pledged greater attention to job creation, poverty reduction and people credited with revolutionary service.

(Source:VOV)