Major real estate developers are looking at pouring investments into the retirement housing market to capitalise on Vietnam's aging population.

A survey from the Việt Nam Association of Realtors showed that the country has about 400 retirement homes, with around 50 per cent of them charity centres or state-invested facilities.

Population aging is creating new pressure and challenges to which the population and development work needs to flexibly respond as there are only 14 years left for Vietnam to prepare for an aged society.

Ho Chi Minh City is experiencing rapid population aging due to low birth and death rates combined with increasing life expectancy. Currently, individuals over 60 years old make up 12.05% of the city's population.

Vietnam is working to improve its fertility rate as the country is facing the risks of an aging population as well as losing its “golden population” phase that affect the socio-economic development.

Asia and the Pacific’s rapid development is a success story, but it’s also fueling a huge demographic shift, and the pressure is rising.

As of this year, the elderly population accounts for 11 per cent of the total population of HCM City, officially pushing the city into its ageing phase. The city’s birth rate has continuously declined over the past decade.