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Update news silver economy
Hanoi now has a foundation to gradually develop a “silver economy” in a humane and sustainable manner, meeting the needs of an ageing society and effectively harnessing local endogenous resources.
Longer life expectancy and the trend of prioritising financial independence and health among the elderly are creating new demand and opening up opportunities for Vietnam’s “silver economy”.
With more than 14 million people aged over 60, Vietnam faces mounting pressure to strengthen long-term elderly care services.
The silver economy offers a new perspective on population ageing: instead of treating it as a burden, it is seen as a major economic opportunity.
A forum in Hanoi discusses how aging can become a driver of growth rather than a burden.
In the growing “silver economy” in many countries, including Vietnam, nursing homes are becoming a key model for providing comprehensive care for the elderly while creating new opportunities for socio-economic growth.