Vietnam scraps 2-child policy as aging threatens economic growth
Briefly

On Tuesday, Vietnam's National Assembly voted to repeal its two-child policy, prompting a shift in family planning rules in response to declining birth rates and an aging population. Once strict, the policy limited families to one or two children, especially affecting Communist Party members. Birth rates have gradually decreased from 2.11 in 2021 to an anticipated 1.91 in 2024. Facing potential economic implications and increased eldercare costs, the government seeks to encourage larger families. The changes embody a significant shift from wartime policies aimed at population control to addressing current socio-economic challenges.
Vietnam's decision to abolish its long-standing two-child limit aims to address declining birth rates and the pressures of an aging population, crucial for economic growth.
The National Assembly's amendment reflects a shift from the historical policy imposed in 1988, which limited family size due to resource constraints following wartime.
As Vietnam's birth rates continue to decline, experts warn that a shrinking working-age population by 2042 could hinder economic growth amid rising eldercare costs.
Parents like Nguyen Thu Linh express concerns over balancing education costs and the pressures of raising additional children, influencing decisions to limit family size.
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