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NA approves nearly 6bn USD in funding to aid development of ethnic minority groups

The National Assembly has approved over 137.6 trillion VND (5.97 billion USD) in funding for the implementation of the first phase of the national target programme on socio-economic development in ethnic minority and mountainous areas from 2021-2030.
NA approves nearly 6bn USD in funding to aid development of ethnic minority groups ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - The National Assembly has approved over 137.6 trillion VND(5.97 billion USD) in funding for the implementation of the first phase of thenational target programme on socio-economic development in ethnic minority andmountainous areas from 2021-2030.

Under therecently-issued Resolution No 120/2020/QH14, the programme will be carried outin two phases, with the first being from 2021-2025 and the second from 2025-2030.

The firstphase will receive more than 137.6 trillion VND in funding, including over104.95 trillion VND from the State budget, 10.01 trillion VND from the localbudget, and close to 19.73 trillion VND in policy credit.

Based on theresults of the first phase, the NA will decide on the funding for the secondphase.

Theprogramme sets to narrow the income gap between ethnic minority groups and thenational average, and strives to reduce the number of extremely poor ethnicvillages and hamlets by 50 percent by 2025 and to bring the number to zero by2030./.
VNA
#National Assembly#national target programme on socio-economic development#ethnic minority#mountainous areas#Vietnam#VietnamPlus#Vietnam news
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