Vietnam’s speedy transition to being an aged society opens new doors for investors

[HO CHI MINH CITY] Much has been said about how a sizeable chunk of Vietnam’s population is young and enterprising, but policymakers are also coming to terms with the fact that the country is also one of the most rapidly ageing in the world.

According to the United Nations Population Fund (UNFPA), those aged 60 and above make up about 11.9 per cent of Vietnam’s total population of 100 million in 2019. By the year 2050, this rate will more than double to 25 per cent.

The World Bank said that Vietnam became an ageing society in 2015 and will officially be an aged one by 2035. The pace at which it is moving towards an aged population – in the space of just 20 years – is much faster than the likes of Japan, Italy, Sweden and France.