Overview

Original Research

THE IMPACT OF THE NEW RURAL DEVELOPMENT PROGRAM ON RURAL HOUSEHOLDS’ WELL-BEING IN VIETNAM

LOC DONG TRUONG 1, TRAN MY NGO 2, and DONG THI PHUONG KHUU 3.

Vol 17, No 09 ( 2022 )   |  DOI: 10.5281/zenodo.7106754   |   Author Affiliation: College of Economics, Can Tho University, Vietnam 1,2,3.   |   Licensing: CC 4.0   |   Pg no: 1300–1308   |   To cite: LOC DONG TRUONG, et al., (2022). THE IMPACT OF THE NEW RURAL DEVELOPMENT PROGRAM ON RURAL HOUSEHOLDS' WELL-BEING IN VIETNAM. 17(09), 1300–1308. https://doi.org/10.5281/zenodo.7106754   |   Published on: 22-09-2022

Abstract

Rural development has played important role in the economic development strategy of Vietnam. With the aim at enhancing sustainably rural households’ income, Vietnam launched the National Target Program on New Rural Development (also called the New Rural Development Program) in 2010. This study devotes to evaluating the impact of the New Rural Development Program (NRDP) on rural households’ well-being in Vietnam. The data for empirical analysis in this study are collected from a structured questionnaire survey of 360 rural households conducted in Hau Giang and Vinh Long province, the Mekong river delta region of Vietnam. Using the propensity score matching (PSM) and difference-in-differences (DID) methods, we find that the NRDP has significantly positive impact on rural households’ well-being in Vietnam. Based on the empirical findings, it is concluded that there is merit in greater interest being taken in initiatives like the NRDP in Vietnam by policy makers in developing countries.

Keywords

The New Rural Development Program, rural households, well-being, Vietnam