Vietnam's Initiative to Boost Silver Economy for Elderly Empowerment

Post by : Shakul

In a significant move, Vietnam is working towards establishing a robust “silver economy” designed to harness the potential of its aging population. During a national conference held in Hanoi, Deputy Prime Minister Pham Thi Thanh Tra asserted that older generations should be recognized not merely as recipients of social welfare, but as vital players in the country’s ongoing development.

This conference celebrated the 85th anniversary of the Traditional Day of Vietnamese Elderly People and acknowledged remarkable senior citizens for their contributions to national pride and community advancement from 2016 to 2026. In her address, Deputy Prime Minister Tra underscored the pivotal contributions of the elderly in shaping Vietnam’s past and its cultural legacy.

Pham Thi Thanh Tra remarked that as Vietnam faces rapid demographic changes, it is also navigating significant transformations driven by technology, environmental sustainability, and the circular economic model. She stressed the importance of evolving from a care-focused paradigm to one that emphasizes empowerment, support, and well-being for older individuals.

Statistics reveal that over nine million elderly Vietnamese remain actively engaged in various sectors, including labor, business, agriculture, and community leadership. Their invaluable contributions enhance economic stability, local governance, cultural continuity, and the education of younger citizens, marking their leadership as national treasures.

The Deputy Prime Minister urged ministries, local authorities, and relevant organizations to expedite the development of products and services specifically designed for an aging society. She advocated for establishing pathways that allow seniors to continue contributing, mentoring the younger workforce, sharing skills, and engaging in entrepreneurial ventures.

Plans are also underway to bolster healthcare services, long-term care systems, rehabilitation initiatives, and community support networks for the elderly. The authorities are committed to enhancing cultural, educational, and lifelong learning opportunities, while also improving the overall well-being of older citizens.

Government officials are optimistic that a thriving silver economy can fuel sustainable growth and enhance the quality of life for millions of seniors. They emphasized that the knowledge and experience possessed by older adults are vital assets that will aid in propelling Vietnam's development into the future. The conference also honored 169 exemplary senior citizens and recognized the Central Office of the Vietnam Association of the Elderly with the Third-Class Labor Medal for its significant contributions to elderly welfare.

June 6, 2026 11:55 a.m. 115

Economy Vietnam social Human