Home Politics Vietnam bets on baby bonuses to get rich before it grows old
Politics

Vietnam bets on baby bonuses to get rich before it grows old

Vietnam bets on baby bonuses to get rich before it grows old
Key Points

Vietnam has introduced a raft of incentives to encourage couples to have more children as the Southeast Asian nation seeks to reverse a fast-declining fertility rate. Gone is the country’s long-standing two-child policy, scrapped last year. In its place is a new population law, which took effect on July 1, offering a suite of sweeteners designed to nudge Vietnamese couples towards larger families.

Vietnam has introduced a raft of incentives to encourage couples to have more children as the Southeast Asian nation seeks to reverse a fast-declining fertility rate. Gone is the country’s long-standing two-child policy, scrapped last year. In its place is a new population law, which took effect on July 1, offering a suite of sweeteners designed to nudge Vietnamese couples towards larger families. These include seven months of maternity leave for second children, subsidised prenatal and newborn...
Vietnam (LOCATION) Southeast Asian (ORG) Vietnamese (ORG)
Originally published by South China Morning Post Read original →