Vietnam abolished the "two children" policy to stop the falling birth rate

The Vietnamese authorities have lifted a policy limiting the number of children in a family to two in order to stop the decline in the birth rate in the country. This was reported on June 3 by the Bloomberg news agency.

"Vietnam has reversed a long—standing policy limiting the number of children in a family as the country struggles with a declining birth rate, creating a demographic crisis that could undermine future growth prospects," the article says.

According to the agency, the Vietnamese authorities allowed couples to decide for themselves when to have children and in what quantity. Previously, local law allowed only one or two children per family, except in special cases. If violated, members of the ruling Communist Party of Vietnam were threatened with a reduction in bonuses or dismissal from office.

It is reported that the restriction was introduced in 1988, when the total fertility rate was more than four children per woman.

"The birth rate in the country fell to a record low in December: the total fertility rate dropped to 1.91 children per woman," Bloomberg said.

American entrepreneur and billionaire Elon Musk said on April 29 that the biggest problem in modern China is the demographic crisis. Prior to that, the billionaire also called the demographic problems an existential problem.