Under the recently-issued Resolution No 120/2020/QH14, the program will be carried out in two phases, with the first being from 2021-2025 and the second from 2025-2030.

The first phase will receive more than VND 137.6 trillion in funding, including over VND 104.95 trillion from the State budget, VND 10.01 trillion from the local budget, and close to VND 19.73 trillion in policy credit.

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Based on the results of the first phase, the NA will decide on the funding for the second phase.

The program sets to narrow the income gap between ethnic minority groups and the national average, and strives to reduce the number of extremely poor ethnic villages and hamlets by 50 percent by 2025 and to bring the number to zero by 2030.

Source: VNA