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HCM City to raise $3.8m for Fund for the Poor

Update: April, 04/2013 - 10:07
A doctor provides a health check-up for poor people in Phuoc Thach Commune, Cu Chi District of HCM City. The city plans to raise US$3.8 million for the Fund for the Poor in 2013. — VNA/VNS Photo The Anh

HCM CITY (VNS)— HCM City this year plans to raise VND80 billion (US$3.8 million) for the Fund for the Poor, according to the Viet Nam Fatherland Front in HCM City.

Money from the fund is used to build and upgrade houses, provide scholarships, buy health insurance and provide loans to the poor so they can start small businesses.

Last year, the fund raised VND127 billion ($6 million), exceeding the target of VND80 billion.

Of this amount, VND118 billion ($5.6 million) was spent for poor families, war invalids or war martyrs' families.

The poverty line in inner-city districts is a maximum annual income of VND12 million ($571) per capita, and in outlying districts, VND10 million ($476).

Last year, the number of people in the city classified as poor fell by 3.78 per cent to 2.12 per cent.

The city aims this year to reduce the poverty rate to under 2 per cent.

City authorities on Monday announced that District 6 no longer had any families living under the poverty line. It is the first district to have such a distinction.

This year, the city aims to have four more districts without any poor families.

Last year, the city also spent a total of VND 2.8billion ($133,133) to build bridges in neighbouring provinces and support heroic mothers. — VNS

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