As the country is pursuing inclusive development, it is imperative to raise the minimum living standards and provides the people across the country with an opportunity to access basic public services.
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.
Hanoi’s government has considered the goal of reducing poverty and ensuring social security one of the key socio-economic development tasks.
The fund is expected to meet 65% of capital needs for vulnerable people to help them resume production and services.