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

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.