How can Vietnam race to become rich before it grows old: expert

Experts from RMIT University Vietnam have issued a warning regarding the rapid population aging in Vietnam and other ASEAN countries. They highlight the risk that these nations might "get old before getting rich," posing a significant challenge to economic development. Population aging can lead to labor shortages, increased social welfare burdens, and reduced economic productivity. To address this challenge, experts suggest the need for timely and effective policies. Potential solutions include investing in education and vocational training, improving healthcare systems, and promoting family support policies to maintain birth rates. Early preparation for an aging society is crucial to ensure sustainable development. Countries need to find ways to maximize the benefits of their current young population before demographic structures change significantly.

Key points
* Vietnam and ASEAN countries face rapid population aging.
* This poses a risk of "getting old before getting rich."
* Experts from RMIT University Vietnam issued the warning.

Nguồn / Source: Tuổi Trẻ News