Vietnam sees 20.7 percent drop in poverty levels

According to the World Bank Poverty Assessment 2012 report based on new standards, the poverty rate in Vietnam has fallen from 58 percent to 20.7 percent in the past twenty years.

Impoverished households were mainly in northwest and northeast mountainous regions. (Photo: SGGP)

Impoverished households were mainly in northwest and northeast mountainous regions and some highland provinces, while middle and rich households were in Hong River Delta, southeast region, and coastal cities.

As for urban areas, although poverty rate is low, residents have to face rising costs of living and many citizens work in unofficial sectors or are unemployed and do not have social welfare.

Under the new standards, the poverty line is VND653,000 per person per month(US$2.25).

By T.Tuyet – Translated by Thuy Doan

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