Vietnam faces poverty threat

The United Nations has warned that double-digit inflation and shocks from the global financial turmoil are threatening to plunge Vietnamese households living on the margins, back into dire poverty.

UN resident coordinator, John Hendra, says many groups remain vulnerable to food shortages, especially landless farmers, the urban poor and ethnic minority groups..

He says global commodity and energy prices have dropped back from their peaks this year, but Vietnam’s inflation, still stood at almost 27 per cent this month.

He says the global financial crisis will likely impact Vietnam’s export-driven economy on top of the soaring consumer prices.

Vietnam faces poverty threat

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