WB releases report on aging population in East Asia and Pacific
The World Bank released its report on the aging population in the East Asia and Pacific region on March 28.
Illustrative image (Source: internet)Speaking at the event in Hanoi, World Bank Country Director in Vietnam Victoria Kwakwa stressed that aging population is one of issues drawing attention in the region.
This is the time for regional countries, including Vietnam, to coordinate and share experiences to deal with the situation, she said.
Philip O’Keefe, lead author of the report “Live long and Prosper: Aging in East Asia and Pacific” presented his study’s outcomes of living conditions of the elderly in Vietnam as well as a policy system relating to labour market, pension and healthcare.
Vietnam was listed among countries with an aging population in 2015. The number of people over 65 in Vietnam is forecast to increase from 6.3 million to 18 million by 2040, accounting for 18 percent of its population.
According to the report, 36 percent of the world’s population ages 65 and over, or 211 million people, live in East Asia, the largest share among all regions.
The rapid pace and sheer scale of aging in East Asia raises policy challenges, economic and fiscal pressures, and social risks.
Rapid aging in East Asia is partly a result of the region’s breakneck pace of economic development in recent decades, the report says. Higher incomes and better education have led to steady increases in life expectancy, and have been accompanied by sharp declines in fertility rates, with a growing number of countries now well below replacement levels.
The WB proposed regional countries adjust and build a proper social security policy, and improve the pension system, while urging more attention to primary health care.-VNA
You should also see
Lang Son province seeks global status for local geopark
A dossier has been built by the People’s Committee of the northern mountainous province of Lang Son to seek the UNESCO recognition of Lang Son Geopark as a global one.
See more
Society
Activities held nationwide to commemorate Hung Kings
Localities across Vietnam held activities in commemoration of the Hung Kings, the legendary founders of the country, on April 18 or the 10th of the third lunar month.
Videos
Hung Kings’ Commemoration Day - Vietnam’s long-held tradition
Many Vietnamese have learned by heart a “six-eight” iambic couplet verse stating that no matter how far Vietnamese people travel, they always remember the Hung Kings’ Commemoration Day. This important holiday falls on the tenth day of the third lunar month in remembrance of Vietnam’s Hung Kings.
Society
Da Nang teams up with CityNet for urban development
Leaders of the central coastal city of Da Nang on April 17 discussed cooperation measures with Jeong-kee Kim, visiting Chief Executive Officer of the Secretariat of CityNet, the regional network of local authorities for the management of human settlements.
Society
Books published to mark 70th anniversary of Dien Bien Phu Victory
The Su That (Truth) National Political Publishing House and the Party Committee of northern Dien Bien province on April 17 unveiled a series of books marking the 70th anniversary of Dien Bien Phu Victory.
Society
Roundtable talks challenges to energy systems of Vietnam, Russia
Challenges to the energy sectors of Vietnam and Russia, as well as solutions to them were discussed at an international roundtable held at Moscow Power Engineering Institute (MEI) on April 16.
