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Update news poverty reduction
Of the total, about 100 trillion VND will come from the central budget, 300 trillion VND from local budgets, and roughly 23 trillion VND from state-funded policy credit sources.
Vietnam’s National Assembly debates new rural development, poverty relief, and climate resilience funding.
Since the launch of its Doi moi (Renewal), Vietnam has achieved a “miracle” in poverty reduction, lifting tens of millions out of hunger and helping them secure stable livelihoods.
The international community recognizes Vietnam as one of the countries with the fastest rare of poverty reduction, but in some areas, poverty rates remain at 50 to 70 percent.
Funding will come from the central budget, local budgets, capital from national and local programmes, credit, businesses' support, and contributions by people.