Tuesday, May 11 2021


Poverty rate falls below 1% in HCM City

Update: October, 02/2015 - 14:37

There are nearly 20,000 poor households in HCM City. — Photo vov.vn

HCM CITY (VNS) — The poverty rate in HCM City has fallen to 0.99 per cent after 23 years of implementation of the poverty reduction programme.

There are 19,482 poor households, equivalent to 0.99 per cent, and 51,681 near-poor households, equivalent to 2.63 per cent of the HCM City population.

A poor household is defined as having income less than VND16 million (US$698) per head per month in HCM City, while it was VND3 million ($130) when the programme was first implemented.

A near-poor household is defined as having income less than VND21 million ($917) per head per month.

Nearly VND7,200 billion ($314 million) has been mobilised for the poverty reduction programme, about 52 per cent of which is from the state budget and the rest from social resources.

About 60 per cent of the poor households and 47 per cent of the near-poverty households got opportunities to take preferential loans from the funds for households' economic development.

The northern Lao Cai Province had the highest poverty rate of 44.3 per cent, according to a 2014 survey of rural households' access to resources.— VNS


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