Vietnam gearing up for aged society

Population aging, especially in developing economies like Vietnam, is creating new pressure and challenges to which the population and development work needs to flexibly respond as there are only 14 years left for Vietnam to prepare for an aged society.

Experts held that Vietnam posts the fastest speed of population aging in the world. Those aged 60 and over accounted for 11.9% of the total population in 2019 and by 2050, this figure is forecast to rise to over 25%.

By 2038, the country will enter the “aged population” period, transitioning from an “aging” to an “aged” society.

Statistics show that in 2023, Vietnam had a population of around 100.3 million, including more than 16 million elderly people.

The Ministry of Health forecasts that Vietnam will go into the “aged population” period by 2038, transitioning from an “aging” to an “aged” society, with over 21 million elderly people – equivalent to nearly 20% of the total population

The average life expectancy of Vietnamese increased from 68.6 (in 1999) to 74.5 (in 2019). It is forecast to reach 78 in 2030./.