Vietnam to have more than 18 million elderly by 2040VietNamNet Bridge - The number of people aged 65 years and older in Vietnam is 6.5 million but will increase by 3 times, reaching 18.4 million in 2040, according to the latest report of the World Bank (WB). Illustrative imageAccording to the report Vietnam Economic Situation in the first half of 2016, released on July 19, Vietnam is among the countries with rapidly aging population. "In order to maintain high growth rates, Vietnam should continue in-depth restructuring to increase productivity," said Mr. Achim Fock, Acting Director of the World Bank in Vietnam. Vietnam’s rice output in the winter-spring crop fell by 6.3%. The WB said the aging population will affect the country’s labor market, raising many challenges for policy-makers, businesses and the public.

Source: VietNamNet News July 22, 2016 02:37 UTC