Vietnam makes impressive progress in poverty reduction over the past decade
(VOVWORLD) - The World Bank’s low-income country criteria means Vietnam’s poverty rate has fallen from 16.8% to 5% from 2010 to 2020 with more than 10 million people escaped from poverty.
 Vietnam makes impressive progress in poverty reduction over the past decade |
According to a World Bank report on poverty and equality released on Thursday, the World Bank hailed this impressive progress in the past decade, saying that Vietnam had made the right direction following positive and unprecedented social economic changes since the war ended. After 35 years of national renewal, Vietnam has been a dynamic economy with attractive market to the world. Vietnam’s GDP per capita with exchange rate pegged to 2015 increased from 481 US dollars in 1986 to 2,655 dollars in 2020. The report acknowledged inclusive livelihood improvement with drastic poverty halved over the past decade, including those in the northern mountainous and mid-land regions with welfare improvement recorded across the national household economy.