General World News

Old Age, Debt Threaten Vietnam Economy

Is Ho Chi Minh City the fastest-aging nation in recorded history? Those who think Japan or Finland has the fastest aging population might be shocked to know that Vietnam ranks number one.

It will take a little more than 15 years for the share of Vietnamese aged 65-plus to go from 7 to 14 percent of the population, according to the World Bank. By contrast, in nearby China and Myanmar, the timeline is closer to 25 years.

Speaking in Ho Chi Minh City, World Bank Vietnam director Victoria Kwakwa said this will put a strain on the workforce.

“What you’re going to read more >>>

Source : VOANews.Com