(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.
Vietnam's Prime Minister Nguyen Xuan Phuc is nudging young people to tie the knot before they turn 30 and start having babies as officials worry about low fertility rates in some parts of the country.
To get young people in the mood for love, Phuc is directing local authorities to offer dating clubs and marriage consultants, according to a decision posted on the government's website. The premier is encouraging women to have their second child before turning 35.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The government wants young couples to get busy as the population ages.
The World Could Be Running Out of Condoms Because of Pandemic
Vietnamese age 15 to 64 account for 68% of the population, according to a posting on the Ministry of Planning and Investment's website in December. Those 65 and older represent the fastest-growing segment, according to the ministry. This age group represented 7.7% of the population last year, up from 6.4% in 2009, according to the 2019 population census posted on the General Statistics Office's website.
The government is also asking provincial authorities to put in place pilot projects to encourage couples to have two children, such as providing priority access to schools, financial support for education and allowing for ownership of social housing, according to the decision. Conversely, local authorities should consider increasing “social contribution” requirements to people who wait until they are older to get married, the decision said, without elaborating.
Vietnam's population increased by 10.4 million between 2009 and 2019, the ministry said. Vietnam's population currently is at about 98 million people, according to data compiled by Bloomberg.
©2020 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
