Vietnam among world’s fastest aging countries
It is forecast that it will take no more than two decades for Vietnam to raise the rate of people aged 65 and above to 14 percent from 7 percent.
Since 2007, the country has entered a golden population period that generates abundant workforce for 2010 – 2020 economic growth.
As of the late 2017, there were 11 million senior citizens nationwide, accounting for about 11.95 percent of the total population, roughly 2 million of them aged above 80.
Vietnam is predicted to enter aging population period by 2035 with some 21 million old people who make up 20 percent and 25 percent of the total population by 2038 and 2049, respectively.
Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha said Vietnam’s average life p rose from 68.6 in 1999 to 73.2 in 2014, which is forecast to rise to 78 by 2030. Moreover, 70 percent of the elderly still work for a living.
Prof. Nguyen Dinh Cu from the National Economics University’s Institute for Population and Social Affairs suggested developing social welfare services and issuing public-private partnership mechanism in the field.
Nguyen Ngoc Quynh from the United Nations Population Fund said aging population offers opportunities to health care services designed for the elderly.
Meanwhile, chief of the Office of the Vietnam National Committee on Aging highlighted the need to create favourable conditions for old people to access credit for business.
Related News
Vietnam is ready to welcome a new wave of investment in the semiconductor industry
16:08 | 15/05/2024 Headlines
Opportunities for Vietnam to participate in the global semiconductor industry value chain
11:34 | 15/05/2024 Import-Export
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country
14:58 | 10/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Latest News
Positive economic transformations in four months
16:11 | 15/05/2024 Headlines
Việt Nam, Japan sign MoC on forestry co-operation
14:25 | 15/05/2024 Headlines
Mounting inflationary pressure requires Government’s flexible moves
14:20 | 15/05/2024 Headlines
Business conditions numerous and cumbersome: CIEM
14:46 | 14/05/2024 Headlines
More News
Prime Minister chairs seminar with Chinese businesses
14:38 | 14/05/2024 Headlines
Vietnam charts vision for sustainable, modern fisheries
19:26 | 13/05/2024 Headlines
Vietnam becomes fastest growing digital economy in ASEAN: HSBC
17:02 | 13/05/2024 Headlines
Maintain fiscal policy to "open the way" for the economy in 2024
13:31 | 13/05/2024 Headlines
Key economic pillars show positive growth
17:54 | 12/05/2024 Headlines
Human resources training takes centre stage to develop e-commerce
17:52 | 12/05/2024 Headlines
High-quality human resources: "Hold the gold, don't let it fall"
08:18 | 12/05/2024 Headlines
Vietnam needs drastic reforms for economic growth: experts
17:49 | 11/05/2024 Headlines
Key economic pillars show positive growth
17:48 | 11/05/2024 Headlines
Your care
Positive economic transformations in four months
16:11 | 15/05/2024 Headlines
Vietnam is ready to welcome a new wave of investment in the semiconductor industry
16:08 | 15/05/2024 Headlines
Việt Nam, Japan sign MoC on forestry co-operation
14:25 | 15/05/2024 Headlines
Mounting inflationary pressure requires Government’s flexible moves
14:20 | 15/05/2024 Headlines
Business conditions numerous and cumbersome: CIEM
14:46 | 14/05/2024 Headlines