finance
Vietnam to Pay VND 2 Million Bonus and Extra Leave for Second Child Before Age 35
The Vietnamese government will spend VND 1.8 trillion annually on incentives for families having a second child. Payments of at least VND 2 million begin in July 2026 for eligible women under 35. The policy follows a record-low birth rate of 1.91 children per woman in 2024.
Jul 10, 3:01 AM·1m read1 source
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Vietnam will distribute VND 1.8 trillion ($68 million) each year in cash bonuses to encourage second births under its new Population Law. Women who deliver a second child before age 35 qualify for a minimum payment of VND 2 million ($75.86) starting July 2026, provided they already have one living biological child.
Men whose wives have a second child, families from ethnic minority groups, and households in areas with below-replacement fertility rates also qualify for the bonus.
Mothers receive seven months of maternity leave for the second child, an increase from six months. Paternity leave doubles to 10 working days. The measures apply specifically to the second child, and the government has not clarified whether similar support extends to third or fourth children or whether men face the same age limit.
The incentives respond to Vietnam's fertility rate falling to 1.91 children per woman in 2024, a record low below the replacement level. The country, home to about 102 million people, subsequently ended its two-child policy. Fortune.com reported that the Vietnamese government did not respond to requests for comment on the details.
A South Korean construction firm, Booyoung Group, is offering 100 million Korean won (around $66,000) to each employee who has a baby as part of separate efforts to address declining birth rates in the region.
