Aging population driving nursing home market
Society

Aging population driving nursing home market

The nursing home market in Vietnam is still very much in its infancy. Only 32 of the country’s 63 cities and provinces have specialized facilities for the elderly, so demand for nursing homes and elderly care centers is huge. The State is now perfecting mechanisms and policies to encourage private enterprises to join the market and expand the nursing home network.
Society

Just 6.1% of loan package for salary payments disbursed

As of September 30, only VND462 billion ($20.4 million) of an interest-free loan package to pay the salaries of more than 130,000 employees had been disbursed, or 6.1 per cent of the total capital. The government has therefore decided to ease the lending conditions on these loans.
Society

Capital must continue to go to social policy bank

Localities must continue to prioritize the allocation of capital from their budget to the Vietnam Bank for Social Policies (VBSP), in order to supplement capital sources for the poor and other policy beneficiaries to access loans.