Measures to reduce the vulnerability of poor communities and proposal for a risk fund were major themes of a workshop co-sponsored by the German GTZ organisation in Hanoi on March 20.
Dr. Michael Marx, who has had 20 years of experience in studying the vulnerability of poor communities, recognized the Vietnamese Government's great efforts in supporting natural disaster victims.
However, he reminded that the country has failed to establish a sustainable social welfare mechanism at the local level to meet demands of the poor who are facing numerous risks.
For the poor, risks include health problems such as sickness, death and accidents, property losses caused by livestock epidemics, fires and other natural calamities, and risks facing to businesses such as crop failure and price fluctuations, said the German expert.
Nguyen Hai Huu, Head of the Social Support Department under the Ministry of Labour, Invalids and Social Affairs (MOLISA), said Vietnam has test-run a hedge fund in the Central Highlands.
The fund, aims to address consequences after the risks have already turned into accidents, leading to low effectiveness and preventing the model from spreading to other parts of the country, he acknowledged.
The workshop, co-sponsored by MOLISA also focused on faciliating the progress of a 2 million Euro project funded by the German Government to help reduce poverty in Thanh Hoa and Hoa Binh, two of the poorest provinces in the central coastal and northern mountainous regions in the 2006-2009 period.
VNA/VOVNews
However, he reminded that the country has failed to establish a sustainable social welfare mechanism at the local level to meet demands of the poor who are facing numerous risks.
For the poor, risks include health problems such as sickness, death and accidents, property losses caused by livestock epidemics, fires and other natural calamities, and risks facing to businesses such as crop failure and price fluctuations, said the German expert.
Nguyen Hai Huu, Head of the Social Support Department under the Ministry of Labour, Invalids and Social Affairs (MOLISA), said Vietnam has test-run a hedge fund in the Central Highlands.
The fund, aims to address consequences after the risks have already turned into accidents, leading to low effectiveness and preventing the model from spreading to other parts of the country, he acknowledged.
The workshop, co-sponsored by MOLISA also focused on faciliating the progress of a 2 million Euro project funded by the German Government to help reduce poverty in Thanh Hoa and Hoa Binh, two of the poorest provinces in the central coastal and northern mountainous regions in the 2006-2009 period.
VNA/VOVNews
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