HCM City making more efforts for poverty reduction

Ho Chi Minh City plans to jettison the “Hunger” in the Hunger Eradication and Poverty Reduction Program to focus on fighting poverty in the next few years while pushing the poverty line up by 2015.

HCMC's poverty reduction program targets low-income residents such as farmers

The program will be known simply as the Poverty Reduction Program while the poverty threshold will be up from VND8 million (per capita income per year) now to VND 12 million, the city Party Committee announced in a directive yesterday.

The directive also sets out tasks for the program in 2009 -2013.

The program, which has been in existence for 16 years, has helped reduce the poverty rate in the city from 17 percent in 2002 to 0.99 percent now.

In 2002 the poverty threshold was at VND3 million.

The program’s Hunger Eradication and Poverty Reduction Fund was established in 1992 and has been financed through donations from organizations and individuals as well as the city budget.

The fund has been used to build infrastructure in poor and remote areas and for social welfare programs in education, healthcare, housing, and employment.

It has so far lent VND7.25 trillion to over 200,000 poor families for doing small business.

Thanks to the program, the standard of living in poor and remote areas has been improved and the large gap between urban and rural poverty rates significantly narrowed.

The city Party Committee appealed to organizations and agencies, companies and individuals in the country and abroad to contribute to the fund to help raise the poverty line to VND 12 million in 2015.  

By Nguyen Phuc – Translated by Phuong Lan

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