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Vietnam, with its exceptional path to development, has established itself today as a key player in the fight against global poverty. On the occasion of the G20 Summit, the country highlighted three innovative strategies aimed at eradicating poverty on a global scale. These initiatives, based on principles of peace, of sustainability and of inclusive development, demonstrate Vietnam’s commitment to sharing its experience and collaborating with other nations to achieve a more just and equitable world.
Vietnam, which has experienced a remarkable transformation of its economy and a significant reduction in poverty over the past decades, positions itself as a model to follow in the fight against global poverty. At the G20 Summit in Rio de Janeiro, Vietnamese Prime Minister Pham Minh Chinh presented three innovative strategies that could guide global efforts to eradicate poverty. These strategies revolve around peace, sustainable agriculture and human investment, providing a robust framework for effective action against poverty on a global scale.
Guarantee peace and stability
In a world where conflicts can exacerbate conditions of poverty, Pham Minh Chinh stressed the crucial importance of ensuring peace and the stability as prerequisites for any development initiative. The Vietnamese leader recalled that peaceful conditions are essential to establish a climate conducive to investment and inclusive economic growth. He thus called for the G20 initiative to promote peace and avoid the politicization of development issues. Such an approach will help create a favorable environment for developing countries, thus promoting their ability to fight poverty.
A resilient global agri-food system
Pham Minh Chinh also highlighted the importance of agri-food system stable and adaptable world in the face of the challenges of climate change. In this sense, he urged the members of the G20 to work together to accelerate the transfer of technologies and to provide technical assistance to developing countries. This would include targeted funding to support transitions to greener and sustainable agricultural practices. By strengthening food security, nations can effectively combat hunger and poverty, ensuring that vulnerable communities have access to sufficient resources to thrive.
Investing in people: the key to sustainable development
Finally, the Prime Minister insisted on the need toinvest in people, by placing education and training at the heart of development priorities. Indeed, to build a harmonious and inclusive society, it is fundamental to ensure that all individuals have the skills necessary to succeed in a rapidly changing world. This involves implementing social protection policies that aim to reduce inequalities and ensure that no one is left behind. Vietnam is committed to sharing its experience in education and skills development with other countries, thereby contributing to the overall effort to eradicate poverty.
An inspiring model for the world
Vietnam’s successes in reducing poverty, which recorded a dramatic drop in its poverty rate from 58% in the early 1990s around 1.9% in 2024, illustrate the effectiveness of its strategies. This model should inspire other nations to develop similar policies, based on inclusive approaches and driven by solidarity. By sharing its lessons and engaging in international collaborations, Vietnam intends to play an active role in the fight against poverty on a global scale. This highlights the importance of collective action, based on mutual understanding and the desire to tackle the root causes of poverty.
FAQ on Vietnam’s Innovative Strategies to Combat Global Poverty
What are the three strategies proposed by Vietnam to fight global poverty? Vietnam offers strategies focused on guarantee of peace, L’efficiency of the global agri-food system and theinvestment in people.
Why are peace and stability essential in the fight against poverty? According to Vietnamese Prime Minister Pham Minh Chinh, the peace and the stability are prerequisites for achieving a inclusive growth and eradicate poverty, thus avoiding the politicization of subjects such as development.
How important is Vietnam to food security? Vietnam emphasizes that it is crucial to guarantee a agri-food system effective and resilient global economy in the face of climate change, to support vulnerable countries in their transition to sustainable agriculture.
How does Vietnam plan to invest in people? Vietnam places strong emphasis on education, there training and the social protection as key priorities for building a harmonious, inclusive and sustainable society.
How does Vietnam position itself on multilateralism in the fight against poverty? Vietnam undertakes to defend the multilateralism and to maintain a international solidarity, while sharing its experiences with countries and international organizations.