Vietnam Daily News

Average income of poor households targeted to be raised by 1.6 times in 2012

Written by Dailynews.vn Friday, 03 February 2012 19:16

Vietnam Ministry of Labour, Invalid and Social Affairs plans to increase the average income of the poor households by 1.6 times in 2012 compared with the year earlier. The increase for poor households in remote and disadvantaged areas alone will be 2.5 times.

In the programme, the ratio of the poor households in the country is expected to decrease average 2 percent a year, particularly 4 percent/year in poor districts and communes (according to the national poverty standard for 2011-2015).

Data of the ministry showed that in three years from 2009 to 2011, total central budgeting for supporting the programme was 8.535 trillion dong, averaging at 130 billion dong being allocated for each district.

In which, in 2009 and 2010, 4.840 trillion dong was allocated (2.420 trillion dong per year). Last year when the economy was difficult, the government still allocated 3.695 trillion dong for 62 poor districts.

In addition, other projects and programmes using ODA, G-bond capital and investment capital of local governances prioritised to supply 22 trillion dong to 62 poor districts in 3 years, averaging 118 billion dong allocated to each district per year.

Therefore, as 2011 ended, the country's poverty ratio declined over 2 percent to 14 percent that is expected to bring down to 10-11 percent this year.

The investment budget for poverty reduction in 2012 is estimated to be higher compared with 2011, around at 200-250 billion dong for each district a year.

Source: www.intellasia.net/news/articles/economy/111355218.shtml