The Hanoitimes - The World Bank (WB) in Vietnam released a
report on Vietnam’s poverty reduction in 2012 with the theme “2012 Vietnam
poverty assessment - Well begun, not yet done: Vietnam's remarkable progress on
poverty reduction and the emerging challenges”.
Presenting the report, Dr.
Valerie Kozel, senior economic expert at the bank, said Vietnam’s record on
economic growth and poverty reduction over the last two decades has been
remarkable. The poverty rate fell from 58% in the early 1990s to 14.5% in 2008
and to below 10% by 2010.
In some cases, Vietnam has
surpassed many of the Millennium Development Goals (MDGs), he noted.
Despite the remarkable progress,
the report said, poverty reduction is still not complete yet, and the task is
even more difficult in a number of aspects.
Although tens of millions of
Vietnamese households have escaped poverty, many have incomes close to the
poverty line and remain vulnerable to falling back into poverty as a result of
idiosyncratic shocks, such as job loss, accidents, or death or illness of a
household member, or related economy-wide shocks, it stressed.
Vietnam’s success has created new
challenges, including inequality in incomes and opportunities, persistent
ethnic minority poverty, and the gap between rich and poor.
The report was made by the World
Bank in cooperation with the Vietnam Academy of Social Sciences
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