Dao Ngoc Dung, Minister of Labor, War Invalids and Social Affairs, said that the country had over 11.3 million elderly people last year, of whom about 2.5 million were part of the workforce and over 1.2 million were civil servants. Vietnam’s current population is around 96.2 million people, putting the percentage of elderly people at around 11.7 percent. The percentage of elderly is expected to rise further, with the United Nations forecasting the percentage of people over 65 in Vietnam at 12.9 percent in 2030 and 23 percent in 2050, Dung said. The elderly population in Vietnam is also poorer compared to other demographic sections, and their monthly social welfare at VND270,000 ($11.58) per month is also lower than the country’s poverty line, amounting to just 30 percent of the poverty line in urban areas and 40 percent in rural areas, he added. The numbers indicate that Vietnam would have an older population in the coming years, which means the country needs to consider … [Read more...] about As Vietnam ages, retiree employment on the cards
Japan retirement age
Doãn Mậu Diệp. — Photo tienphong.vn Doãn Mậu Diệp, Deputy Minister of Labour, Invalids and Social Affairs, speaks to the Tiền Phong (Vanguard) newspaper about how Việt Nam will revise the retirement age for workers or State employees How do you respond to a proposal that Việt Nam would raise the retirement age for its workers while many people in the working age still can’t find jobs? It is a real fact that in any labour market, job positions are always bigger than the actual number of working people. Yet, in all countries, many people are still unemployed. Japan is a good example. According to a national survey, there is only one candidate for four working positions while the unemployment rate in Japan currently stands at 2.4 per cent. In the real labour market, the mismatch between supply and demand happens in all countries, and Việt Nam is no exception. For example, in the Republic of Korea, the … [Read more...] about Why we have to increase the retirement age?
Vice chairman of National Assembly’s Committee for Social Affairs Bùi Sỹ Lợi. — Photo news.zing.vn Bùi Sỹ Lợi, vice chairman of National Assembly’s Committee for Social Affairs talks to Hải Quan (Customs) newspaper about a proposal to increase retirement age in the draft amended Labour Law. The draft revised Labour Code has proposed increasing retirement age to 62 for men and 60 for women from 2021. What are the foundations of this proposal? According to the 2012 Labour Code and Law on Social Insurance, the retirement age for men is 55 and for women is 50. The age is reduced by five to 10 years for jobs prone to high risks and toxic elements. In fact, the average retirement age for both men and women is only 54 because the retirement age set in the law is not always followed. The number of people in the workforce is on the decline. In the context of an aging population, we will be in shortage of workers for the national … [Read more...] about Retirement age adjustment needs to be flexible
Mayweather takes his money team to mystery fight in Japan Undefeated boxer Floyd Mayweather Jr. of the U.S. poses for a photograph with his opponent Tenshin Nasukawa during a news conference to announce he is joining Japanese Mixed Martial Arts promotional company Rizin Fighting Federation, in Tokyo, Japan November 5, 2018 – PHOTO: REUTERS TOKYO (REUTERS) - Floyd Mayweather’s over-stated arrival to his unveiling as the new figurehead for a Japanese mixed martial arts promotion proved that no-matter what the event or the location, the American boxing legend will always be box office. The undefeated 41-year-old announced he was coming out of a retirement on Monday and will top the bill at the Rizin Fighting Federation’s next card on Dec. 31, in a bout against a Japanese kickboxer with the rules yet to be determined. Prior to Monday’s news conference, Mayweather gave a select number of media interviews over the weekend, but the identity of Rizin’s … [Read more...] about Mayweather takes his money team to mystery fight in Japan
Naomi Osaka is Japan's first Grand Slam tennis champion. AFP/EDUARDO MUNOZ ALVAREZ Though Osaka's moment of glory was overshadowed by Serena Williams' meltdown during her stunning 6-2, 6-4 upset of her idol at the weekend, the 20-year-old demonstrated she has the game, and the grit, to be a serial winner, according to Date. "To play like that in her first Grand Slam final was just amazing," Date told AFP. "To keep your cool like that, from the moment you step onto court to the last point, isn't easy," added the former world number four, who reached the Wimbledon semi-finals in 1996. "If she continues to develop the way she has over the past two weeks and stays motivated, she can go on to be Japan's first world number one." Osaka, a self-confessed Pokemon nerd whose playful nature has made her a favourite on the women's tour, is expected to climb from 19 to seven in the rankings after becoming an unlikely hero in Japan, still reeling after a summer of deadly typhoons and earthquakes. … [Read more...] about ‘Serena was wary’: Osaka tipped as Japan’s first world number one