Aging Population and Its Impacts on Economy of Vietnam

Abstract

The proportion of the elderly in Vietnam is happening with rapidly growing numbers. This is an inevitable trend in Vietnamese society, and also a problem - a challenge for the government. The main goal of our country in particular is to point out and face the immediate situation (high aging rate of the population), and at the same time find a strategy that is suitable for the development of the country as well as consistent with the common interests of the current elderly group; making predictions to take the right steps to minimize the risks and risks from its negative sides. This article discusses the general situation of population aging in recent years in Vietnam; give specific numbers and statistics on this issue. From there, this article will highlight the opportunities and challenges that this country is facing - especially the impact on the country's economy and give a number of recommendations related to the improvementin order to build a satisfactory welfare and welfare system for the elderly in the current aging population in Vietnam. The article uses the method of surveying a number of interviewers to find suitable solutions, and the results show that the problem of the elderly, even though not alarmed since the elderly in Vietnam are still taken care by children and their families rather well. However, there is quite a big concern we need to pay more attention, that is, the economic burden will be an issue for society in the future, especially in the medical field.