CIEM, Trung tm Thng tin T liu 6 III.The policy and measures of the Party and the State of Vietnam in order to reduce the income gap IntheReportentitled"GlobalRisks2012"announcedon11-1,theWorld EconomicForum(WEF)remarkedthatincomedisparitieandincreasedfinancial unbalanceinthenext10yearsaretwolargestrisksthreateningglobaleconomic growth,andVietnamisnotanexception.Also,asclassifiedbytheWorldBank, Vietnam is classified as a country with low average income. The economic experts of the big financial institutions like the World Bank, Asian Development Bank or InternationalMonetaryFundhaswarnedVietnamaboutmiddle-incometrap,we can easily exceed over 996 USD rate, low average, but to exceed $ 12,195 average income/person/yearisverydifficult.Toescapethistrap,policymakershave proposed a strategy of economic development, at least in the next 10 years, aiming to a more sustainable growth model.Central Conference 5th (VII) has set out the policy of poverty reduction in the strategyforrural,agricultureandfarmerdevelopmentaswellasintheoverall socio-economicdevelopmentstrategy.ResolutionoftheXINationalCongressaffirmed: "To implement poverty reduction policies , in a more effective manner to eachperiod;todiversifyresourcesandmethodstoensuresustainablepoverty reduction,especiallyinpoorestdistrictsandareasfacingspecialdifficulties,to encourageenrichmentpursuanttolawsandlegalregulations,andtoincreasethe numberofhouseholdswithabove-averageincomes.Toprovideappropriate policies and measures to limit rich and poor disparity,and to reduce inequality in term of living standards between rural and urban areas. " Improvingthequalityofgrowthisoneofthefocusesofsocio-economic development strategy period 2011 - 2020 with a view to enhancing and promoting gradually living conditions of people, first priority is granted to mountainous areas andethnicminorities;creatingsignificantandcomprehensivechangesinpoor areas,narrowingthegapbetweenurbanandruralareas,amongregionsand ethnic groups. IV. The results of implemantation and recommendations for next year IV.1. Results of income gap reduction MeasurestoshortenincomegapoftheGovernmenthasgainedremarkable results, but, there still exist several points need to be addressed.