Vietnam's fertility rate has fallen to 1.91 children per woman in 2024, marking a significant decline below the replacement level for the third year in a row. Despite a booming economy with a GDP rise of 7%, urban centers, especially Ho Chi Minh City, are experiencing sharper declines in childbirth rates. Local authorities are enacting measures to reverse this trend, such as providing financial incentives to encourage families to have more children. Analysts warn that unless addressed, these demographic shifts could lead to economic challenges, even as foreign investment opportunities remain attractive amidst US-China tensions.
Vietnam's total fertility rate fell to 1.91 in 2024, remaining below the replacement level for three consecutive years, raising concerns about a demographic decline.
Ho Chi Minh City saw its fertility rate drop from 1.39 in 2022 to 1.32 in 2023, prompting local authorities to implement measures to encourage childbirth.
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