Vietnam sets target for sustainable poverty alleviation

Vietnam aims to reduce the rate of poor households by 1-1.5 percent each year under the updated standards of poverty between 2016 and 2020, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

The updated standards of poverty, currently under development and will take effect from 2016, extend beyond the use of income as the only determination of poverty to include the minimum living standard and the access to basic social needs.

MOLISA Minister Pham Thi Hai Chuyen said the ministry will focus on developing new poverty criteria on a multi-dimensional approach while advising the government in revising its poverty reduction mechanism and policies to limit investment dispersal and ensure priority is given to mountainous and ethnic minority areas.

Indonesia to make maritime economics key sector

Indonesia will make the potential maritime economy a spearhead sector in its national development strategy, according to Indonesian Minister for Maritime and Fisheries Resources Sharif C. Sutardjo.