Vietnam’s ageing population opens doors to care economy


About 76% of older people do not receive a pension and nearly all rely on unpaid care from family members. — Vietnam News

HANOI: Vietnam is entering a period of rapid population ageing, a demographic shift that is creating fresh momentum for the care economy to emerge as a significant driver of growth, according to United Nations policy advisers and experts.

Doan Huu Minh, an analyst at the United Nations Population Fund (U PA), said population ageing should not be viewed solely as a challenge, noting that it also creates space for new services and economic sectors, particularly care-related industries.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysia’s palm oil sector in advantageous position despite West Asia conflict
PTT wins RM31.7 mil construction job, bags warehouse automation deal
Affin Bank gets Bank Negara nod for RM50mil Pheim AM acquisition
Ringgit revisits 4.02 level against US dollar on easing energy supply concerns
IJM denies prior talks on Sunway offer, reiterates rejection stance
YTL Cement takes control of Cepco with RM103.8mil stake
Nextgreen secures RM50mil working capital facility from Bank Rakyat
Anwar, AIIB president discuss sustainable development agenda
Kee Ming wins RM6.7mil data centre subcontract
TSR Capital secures RM34mil flood mitigation contract

Others Also Read