Vietnam's economy to slow down as population ages, says World Bank report

HANOI, Oct 4 (Bernama): Population aging could slow down Vietnam's long-term growth in the 2020-2050 period by 0.9 percentage points compared with the last 15 years, a new World Bank (WB) report finds.

According to the report Vietnam: Adapting to an Aging Society, jointly produced by the WB and the Japan International Cooperation Agency (JICA), Vietnam is going through the demographic transition to an older society at an earlier stage of economic development and a lower level of per capita income than other countries who have experienced a similar shift.