Vietnam Unveils 'Baby Bonus' After Scrapping Two-Child Policy
The law adds paid leave, screenings and cash bonuses of up to US$228 as officials warn of labor shortages and an aging population.
- On Wednesday, Vietnam enacted a new population law extending maternity leave from six to seven months for mothers having a second child, while establishing one-off cash bonuses of up to $228.
- Declining birth rates and soaring life expectancy have darkened Vietnam's demographic picture, pushing the government to act as the nation risks aging before achieving wealth. Birth rate stands at 1.93, below the 2.1 replacement level.
- The World Bank warned in 2021 that Vietnam has "less time to adapt to an aged society than many advanced economies had" given its $5,000 GDP per capita, creating a "narrow window" for reform.
- Hanoi resident Nguyen Kim Bich said the "benefits are nice but not enough," while cashier Tran Minh Anh, earning about $380 monthly, noted raising children creates "too much pressure, financially and mentally."
- Pham Thi Lan, head of population and development at the UN Population Fund , acknowledged the law "addresses the current demographic shift" but noted continuous "comprehensive support" is necessary to change parents' minds on child-rearing.
12 Articles
12 Articles
After decades of birth control, Vietnam is changing course. One year after removing the two-child limit per family, new measures come into effect on Wednesday, July 1 to encourage births. If they are considered useful, however, they may not be enough to cause a lasting rebound in the birth rate.
Vietnam has introduced a new measure, offering bonuses to those with children, to incentivize the population after lifting its long-standing two-child policy amid concerns that the country is rapidly aging and impacting the economy and workforce.
Malay Mail
AlKhaleej TodayVietnam unveils ‘baby bonus’ after scrapping two-child policy amid fears it may age before it grows rich
HANOI, July 1 — One year after lifting its long-standing two-child limit, Vietnam is offering incentives for people to have more babies as the communist country risks getting old before it gets rich.A new population law and regulations coming into effect today extend maternity leave from six to seven months for mothers having a second child as well as offering financial help.If Hanoi residents Nguyen Kim Bich and her husband have a second child,…
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