Hanoi (VNA) – The Institute of Global Economics and Politics (IWEP) of the Vietnamese Academy of Social Sciences organized an international symposium on the impacts of aging population on economic development in Hanoi on September 16.
The event allowed scientists to exchange views on the trends and impacts of population aging on economic development based on international experience and practice in Vietnam, and propose solutions to deal with the current rapid aging population in the country.
Acting Director of IWEP Phi Vinh Tuong said the aging population is a big challenge for economic development and welfare issues and Vietnam has officially entered the aging phase of the population.
He cited data from the General Statistics Office (GSO) indicating that in 2019, Vietnam had about 10.4 million elderly people, or 11 percent of the population.
According to forecasts by the United Nations Population Fund, in 2029 the number of elderly people in Vietnam reach 17 million people, or 16.5% of the population. The figures will reach 22.2 million people and 20.2% in 2038, and 31 million and 27% in 2069.
The figures showed that the Aging of the population in Vietnam is occurring faster than the rate of population growth and is concentrated in rural areas. Vietnam’s aging population leads to several socio-economic problems that need to be solved, such as employment, health care, social protection, and has affected economic growth and social protection issues.
Participants highlighted the need to strengthen the role and capacity of socio-political and professional organizations in developing, mobilizing and implementing policies for population aging and older persons; unify the approach to population aging in related research and policy-making; and strengthening communications and education to raise public awareness about improving health care for older adults./.