Hanoi, March 21 -- In the growing "silver economy" in many countries, including Vietnam, nursing homes are becoming a key model for providing comprehensive care for the elderly while creating new opportunities for socio-economic growth.

Ageing population backdrop

The country is ageing faster than many of its regional peers, with official figures showing the elderly population hitting 14.2 million in 2024 and expected to double to 28 million by 2050.

Vietnam is expected to formally become an ageing society by 2036, when those aged 65 and above will account for 14% of the population. This trend will place significant pressure on the social security system, but also create opportunities for the "silver economy".

Experts noted that the na...