HCM City to spend 433 million USD on poverty reduction

HCM City’s district 5 official visits and presents a gift to a local disadvantaged household. (Photo: VNA)

HCM City - Authorities of Ho Chi Minh City plan to spend more than 10.2 trillion VND (433 million USD) on a sustainable poverty reduction programme this year.

As part of the programme, the city will offer a credit package worth around 1.7 trillion VND (72.2 million USD) at preferential interest rates, nearly 420 billion VND (17.8 million USD) in non-refundable support, and 16 billion VND (679,200 USD) in the sustainable poverty-reduction programme at all levels.

Le Van Thinh, permanent deputy head of the city’s Steering Committee for Sustainable Poverty Reduction Programme, said HCM City aimed to reach its target of having no poor households by the end of 2023 according to standards for the 2021-2025 period.

Under the city’s poverty standards for the 2021-2025 period, a poor household has an average income of below 36 million VND (1,530 USD) per person per year, and a near-poor household 36 million VND to 46 million VND (1,950 USD).

The city aims to reduce the number of poor households by 0.38 per cent and the number of near-poor households by 0.28 per cent, and increase the poor’s average per capita income.

Measures to help the poor include loans, vocational training, job introduction and scholarships, as well as support for education, housing, healthcare, and legal aid for the poor and near-poor.

The steering committee has asked the Party committees and authorities at all levels and sectors to strengthen information and communication activities to raise public awareness of the meaning, objectives and goals of the poverty reduction programme.

Localities should combine the poverty reduction programme with their annual socio-economic development programmes, Thinh said.

The solutions and policies supporting socio-economic development are implemented in the direction of gradually reducing financial assistance and increasing support for production and businesses to help poor and near-poor households to lift themselves out of poverty.

Localities and departments have also been asked to regularly review and update the list of poor households to promptly provide support.

Last year, the city had 16,100 fewer poor households and 9,700 fewer near-poor households.

By the end of last year, the whole city had more than 21,300 poor households and 18,068 near-poor households, accounting for 0.84 per cent and 0.71 per cent of the city's total households, respectively.

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