Vietnam's demographic transition lays foundation for long-term development: French study

A recent analysis by a French research institution suggests that the significant demographic shifts Vietnam is currently experiencing are laying a strong foundation for the country's long-term development. The study posits that Vietnam's demographic transition encompasses not only an aging population but also the empowerment of its youth and gender equality, all of which collectively contribute to fostering high-quality human resources and improving living standards. The United Nations Population Fund (UNFPA) also supports the government's goals in areas such as maternal healthcare, gender equality, violence prevention, population issues, and youth empowerment, bolstering the government's efforts during this transitional period. Particularly noteworthy is the concept of the 'silver economy.' This perspective seeks to leverage the aging population not merely as a social burden but as a new economic opportunity. By linking the experience and purchasing power of the elderly to economic activities, the potential for creating new markets and employment is indicated. The Vietnamese government, through new legislation, aims to address the needs of various population groups and enhance sustainable population development, human resource quality, and the overall quality of life. These demographic changes are considered a crucial strategic element for Vietnam as it seeks to sustain economic growth and improve societal well-being in the future. Information Source: VietnamPlus English