Sustainability

National Assembly delegate Phan Duc Hieu, also deputy head of the Central Institute for Economic Management (CIEM), said that the fourth Covid-19 wave has made it difficult for companies to export. "In previous waves we struggled to find markets to export, now there are markets but we cannot manufacture because of the disease spreading," he said at a lawmaker’s meeting on the economy Thursday. The support that the government has been giving is only temporary to help businesses survive, said Hoang Van Cuong, deputy head of the National Economics University in Hanoi, another NA delegate. The government needs to provide better solutions so that support packages not only keep businesses from dying and people from starving but also promote breakthroughs, he said. "If we do not push the recovery of businesses, the risk is that Vietnam’s recovery will be slower than that of other economies." One way to help businesses achieve breakthroughs is lower their loan interest rates …

Continue Reading about Government bailout should provide more sustained support: lawmakers →

The poverty rate declined sharply from 9.88% in 2015 to 2.75% in 2020, with over eight million people being left the poor and near-poor status. As part of the national program on sustainable poverty reduction in 2021-2025, the Vietnamese Government is set to earmark VND75 trillion (US$3.2 billion) for this purpose. Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung revealed the figure at a sitting of the National Assembly today [July 23]. Minister of Labor, Invalids, and Social Affairs Dao Ngoc Dung at the sitting. Photo: Le Son For the past five years, Dung said the poverty rate declined sharply from 9.88% in 2015 to 2.75% in 2020, saying over eight million people escaped from the poor and near-poor status. “Vietnam is the first and also among 30 countries adopting the multi-dimensional approach for assessing poverty, in line with sustainable development goals,” he noted, saying the country has achieved the UN’s millennial goals on poverty …

Continue Reading about Gov’t to earmark over $3.2 billion for poverty reduction 2021-2025 →

Hanoi’s government has considered the goal of reducing poverty and ensuring social security one of the key socio-economic development tasks. Hanoi has completed poverty reduction targets two years earlier than scheduled and the number of households with decent incomes is increasing, Kinh Te & Do Thi reported. Leaders of Nghia Tan ward in Cau Giay district give donations to support three poor households. Photo: Oanh Tran Poor households in Hanoi accounted for 3.64% of the total in 2016 and the rate has been reduced to 0.42% as of June 2020. Currently, only 8,754 households in Hanoi are classified as poor. Hanoi’s government has considered the goal of reducing poverty and ensuring social security one of the key socio-economic development tasks. Thus, the city has issued many specific mechanisms and policies for poverty reduction. So far, poverty has been eradicated in eight districts of Hanoi as the result of the efforts and determination of the city …

Continue Reading about Poverty rate in Hanoi falls sharply →

The average incomes of ethnic minority households dropped by 75% in April 2020 compared with the end of 2019. Development of high quality human resources for agriculture, new rural development and poverty reduction in ethnic minority and mountainous areas remain highly important priorities in Vietnam’s development agenda. Caitlin Wiesen-Antin (right) with a Vietnamese minirity ethnic woman. Photo: UNDP We must continue our earnest effort to accelerate socio-economic development and poverty reduction, especially in ethnic minority areas, towards the SDG achievement in Vietnam, while leaving no one behind. In fact, the SDGs in Vietnam cannot be achieved without prioritizing such an acceleration. Over the past decades, Vietnam’s success in socio-economic development had been recognized by the international community, especially its impressive results in poverty reduction and the achievement of the Millennium Development Goals. Extreme poverty fell sharply from …

Continue Reading about Poverty reduction in ethnic minority and mountainous areas: Leaving no one behind →

Through the forum, women will find out solutions to ensure that digital transformation can be actively applied in women's participation in economic activities. The 8th Vietnam-Korea Women’s Forum opened virtually in Hanoi on July 21, focusing on promoting digital technology towards sustainable development. The event was part of activities to mark the 30th anniversary of the establishment of diplomatic relations between Vietnam and South Korea in 2022, as well as contributing to the implementation of the cooperation agreement between the Vietnam Women's Union (VWU) and the Korean Women’s Development Institute (KWDI). Vice Chairwoman of the VWU Tran Thi Huong speaks at the forum. Photo: Ngu Binh Speaking at the forum, Vice Chairwoman of the VWU Tran Thi Huong said that this year's forum touches on a very topical issue: the ordeal that women are facing amid the Covid-19 pandemic: "Women in the digital world”. "This year's forum is a good opportunity …

Continue Reading about Vietnam, South Korea discuss digital transformation’s impact on women →