Want to be in the loop?
subscribe to
our notification
Business News
MULTIDIMENSIONAL POVERTY RATE TO REDUCE TO 2.93 PER CENT AT END OF 2023
The multidimensional poverty rate in Vietnam will reduce to 2.93 per cent in 2023, a drop of 1.1 percentage points compared to last year, according to the Government’s report on the implementation of the national programme on sustainable poverty reduction.
The ratio of poor households in poor districts and ethnic minority areas will also reduce by 5.62 and 3.2 percentage points to about 33 per cent and 17.82 per cent respectively by the end of this year.
Previously, the National Assembly and the Government set a target to reduce the ratio of poor households in 74 poor districts by 4-5 percentage points.
By the end of this year, nine additional communes are expected to be omitted from the list of specially disadvantaged communes.
The Government’s report said documents guiding the implementation of the national programme on sustainable poverty reduction and addressing difficulties and obstacles during the implementation process have been issued timely, creating the legal framework for the work.
However, there remain shortcomings in funding allocation in 2023, and coordination among ministries, central agencies and localities.
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung said that poverty reduction work faces difficulties due to insufficient staff, and modest application of information technology that results in limitations in data collection, reports and decision-making process.
Regarding measures to promote sustainable poverty reduction in the coming time, the Government will continue to push ministries, agencies and sectors, raise public awareness about the issue, and popularise effective poverty reduction models.
The Government coordinates with the Central Committee of the Vietnam Fatherland Front to innovate, promote and improve the quality of the emulation movement "For the poor - leaving no one behind".
The Ministry of Planning and Investment was tasked with collecting petitions and complaints related to policies and laws on poverty reduction and consulting and coordinating with relevant ministries and agencies to propose solutions to competent authorities.
The Ministry of Labour, Invalids and Social Affairs was asked to draft guidance for developing vocational education in poor and disadvantaged areas, and complete the connection between the database on poverty reduction and the national database on population.
Source: VIR
Related News
VIỆT NAM BREAKS INTO GLOBAL TOP 10 FOR REAL ESTATE TRANSPARENCY IMPROVEMENTS
Việt Nam has emerged among the world’s 10 most improved real estate markets in terms of transparency dủing the 2024-26 period, according to the 2026 Global Real Estate Transparency Index released by global real estate services firm JLL. Overall, Việt Nam ranked 50th among 88 countries and territories surveyed, with a transparency score of 3.15, remaining in the 'Semi-Transparent' category.
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
VIETNAM AND CHINA DISCUSS POLICIES TO SUPPORT PRIVATE-SECTOR GROWTH
On September 21, at the Ministry of Finance headquarters in Hanoi, Deputy Minister Nguyen Duc Chi held talks with a delegation from the Central Social Work Department of the Communist Party of China Central Committee, led by Zhao Shitang, Deputy Minister of the department. Deputy Minister Chi warmly welcomed the delegation and highlighted the significance of the visit in learning about Vietnam’s management of the non-state business sector, particularly the registration, management, and operation of private enterprises.
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.






















