Vietnam’s population began aging in 2011, when the percentage of people over 60 surpassed 10% of the population. This proportion has continued to grow and is projected to rise to 25% by 2050. However, the “silver economy” has only gained momentum in the past year or two, despite businesses recognizing its potential over a decade ago. While the availability of goods and services catering to the elderly has increased, the growth remains relatively modest. “I recently visited the Central Geriatrics Hospital in Hanoi. It was incredibly crowded, as it is the only hospital dedicated to the elderly in both Hanoi and the country,” said Pham Chi Lan, an economic expert, during an interview with The Saigon Times. At the age of over 80, Lan noted that elderly Vietnamese people are “living quietly” with multiple health issues. According to the United Nations, the average person aged over 60 has two or three chronic conditions. “I’m getting older and may not remember a number exactly,” she said but pointed out that the reality is often worse. Most elderly people suffer from several health problems during the final 14 years of their lives. At the National Geriatrics Conference in Hanoi last November, Nguyen […]
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