HCMC earmarks VND7 trillion to reduce poverty households

Ho Chi Minh City allocated VND7 trillion (US$ 332 million) to reduce poverty households and increase average income families in the period 2014-2015.

The city allocates VND7 triilion to reduce the number of poor households (Photo: Cat Tuong)

From January 1, 2014, the city applies  new standard for poverty households in which HCM City will raise its poverty line to VND16 million (US$759) per person per year.

Families with an income of VND16-21 million per person per year will be considered living near poverty line.

Accordingly, households with an income of less than VND12 million (US$569) per person per year are considered poor.

With the new standards of poverty line, the country has around 130,000 poor households accounting for 7 percent of the population.

The city planed to allocate VND7 trillion (US$ 332 million) to reduce poverty households and increase average income families in the period 2014-2015.

The city's poor and near-poor households are prioritized to borrow loans from preferential loan programs to improve health, job training, housing, and business to escape poverty. It is scheduled that the city will provide job training to 1,500-2,000 laborers and offer12,000-15,000 employment.

The city will give full tuition fee exemption to children of poverty families and 50 percent of tuition fee as education support to children of close to poverty line families .

The city will also support poor families on healthcare services.

By Duong Loan - Translated by Uyen Phuong

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