Gov’t sets up fund to eleminate temporary houses for poor households

The fund will receive, manage, and utilize money donated by domestic and international organizations, individuals, and other legal sources for this work in accordance with legal regulations.

This non-profit fund, managed by the Ministry of Finance, shall be allowed to open transaction accounts at the State Treasury Exchange and commercial banks to receive contributions, sponsorships, and financial support from domestic and foreign organizations and individuals.

It has the function of managing and coordinating its financial resources to sponsor and support activities to remove temporary houses for poor and near-poor households that have not received support from the State budget.

It is responsible for managing and coordinating its financial resources to sponsor and support activities related to the upgrade of temporary houses for those that have not been supported with the State budget, in accordance with legal regulations.

Viet Nam had more than 1.58 million poor and near-poor households in 2023, representing approximately 5.71 percent of the total population, according to the Ministry of Labor, Invalids, and Social Affairs (MoLISA)./.