||Conference or Workshop Item
||300 Social sciences > 305 Social groups
||LPPKN - National Population and Family Development Board, Malaysia: Population and Family Research Division
||Aging, Pensions, Social allowances, Vietnam
||National Population and Family Development Board (NPFDB) of Ministry of Women, Family and Community Development, in collaboration with the Social Security Research Centre (SSRC) of the University of Malaya. International Conference in conjunction with World Population Day.
||This paper aims to argue that the Vietnamese population has been aging more quickly than expected, and as such policies toward an aging population, particularly delivery of social protection services for the aged, should be well-prepared from now in order to have older and wealthier population in the coming decades. The paper shows that the social protection schemes in Viet Nam, especially pensions and social allowances, have expanded and reached various groups of old-age persons and played an important role in reducing old-age poverty. Yet, there have remained a number of challenges that will substantially influence the current system in term of financial sustainability and generational equity. For the pension scheme, the paper argues that the current setting will not be financially stable and generational equity and as such it should be transformed toward a new setting. For the social allowances, a universal cash transfer program for older people would be influential and cost-saving in terms of poverty reduction.