Vietnam Pivots Policy to Integrate Older Workers into Modern Economy

The 2026–2031 cooperation framework, approved by the Prime Minister last September, marks a departure from traditional retirement models. By 2030, the government intends for at least 50% of older citizens willing and able to work to remain active in the labor market. This transition is supported by the Law on Population, which took effect in July 2026, providing a legal mandate for integrating seniors into digital transformation and entrepreneurship initiatives.

Technological disruption, including artificial intelligence and green energy shifts, presents a dual challenge: preventing skill obsolescence among older workers while addressing potential labor shortages. Policymakers are now tasked with fostering lifelong learning systems that extend beyond early-career training. Success hinges on whether private companies view the retention and retraining of experienced staff as a viable strategy for maintaining institutional knowledge and productivity.

Beyond employment, the government is eyeing the emergence of a "silver economy" to meet the rising demand for specialized healthcare, rehabilitation, and assistive technologies. While this growth offers new market opportunities for insurers and tech providers, it requires robust regulatory oversight. Ensuring that the care sector does not rely on precarious, low-wage labor remains a primary concern for officials balancing domestic needs against international demand for Vietnamese care workers.