Vietnam among 25 countries with successful multi-dimensional poverty reduction

Friday, 14/07/2023 15:51
According to the United Nations Multidimensional Poverty Index, Vietnam is one of 25 countries that have successfully reduced multidimensional poverty in the past 15 years.
Sustainable poverty reduction in Vietnam reports remakable success. (Photo: TDO)

The Global Multidimensional Poverty Index (MPI) has just been released by the United Nations Development Program (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).

Multidimensional poverty is a new assessment based on income criteria (under USD2.15 per day) and lack of basic social services such as health, education and living conditions.

The report updated multidimensional poverty around the world. It aggregates data from 110 developing countries including 6.1 billion people, including 1.1 billion people (more than 18%) who live in short-term multidimensional poverty. As many as 534 million people (47.8%) in sub-Saharan Africa and 389 million people (34.9%) in South Asia.

The United Nations highly appreciates 25 successful multi-dimensional poverty reduction countries, including Vietnam.

With the application of the national multidimensional poverty line since 2015, Vietnam is a pioneer in the Asia-Pacific region in applying the multidimensional poverty line as a tool for targeting and monitoring the poverty situation and policy making. Based on the evaluation score on a scale of 0 to 10, Vietnam's multidimensional poverty criteria decreased by 50%. The data of Vietnam in the report is updated to the period 2020-2021. About 1.9% of Vietnam's population (1.8 million people, in 2021) is multidimensionally poor and 3.5% of the population (outside the above group) is classified as poor (3.3 million people, in 2021).

According to the National Office for Poverty Reduction, in 2022, Vietnam's state budget has prioritized allocating about VND 23 trillion to effectively implement general poverty reduction support policies.

In 2023, the Ministry of Labor, War Invalids and Social Affairs aims to maintain the national average multi-dimensional poverty rate at a reduction of 1-1.5% per year. The rate of poor households among ethnic minorities decreases by more than 3% each year. The multidimensional poverty rate of poor districts decreased by about 4%./.

Compiled by BTA