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Vietnam among world’s fastest aging countries

Vietnam is facing challenges as it is one of the 10 fastest-aging countries, according to recent statistics.
Vietnam among world’s fastest aging countries ảnh 1Illustrative image (Photo: VNA) 
Hanoi (VNA) –Vietnam is facing challenges as it is one of the 10 fastest-aging countries,according to recent statistics.

It is forecast that it willtake no more than two decades for Vietnam to raise the rate of people aged 65and above to 14 percent from 7 percent.

Since 2007, the country hasentered a golden population period that generates abundant workforce for 2010 –2020 economic growth.

As of the late 2017, therewere 11 million senior citizens nationwide, accounting for about 11.95 percentof the total population, roughly 2 million of them aged above 80.

Vietnam is predicted to enteraging population period by 2035 with some 21 million old people who make up 20percent 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 span rosefrom 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 theNational Economics University’s Institute for Population and Social Affairssuggested developing social welfare services and issuing public-privatepartnership mechanism in the field.

Nguyen Ngoc Quynh from theUnited Nations Population Fund said aging population offers opportunities tohealth care services designed for the elderly.

Meanwhile, chief of theOffice of the Vietnam National Committee on Aging highlightedthe need to create favourable conditions for old people to access credit forbusiness./.
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