Vietnam seniors advised to balance retirement savings with child support

Financial advisers in Vietnam warn older parents to keep a reserve of savings for their own health and long‑term care instead of transferring most of their assets to children early. A 60‑year‑old woman with a house, over 800 million VND in savings and a monthly pension chose to support her son only partially, preserving the remainder as a retirement fund to cover medical costs, potential home care and living expenses.

Broader guidance for those over 45 stresses that income alone does not guarantee financial security. Health expenses become a major outlay, and owning property does not ensure cash flow. Experts recommend maintaining an emergency fund, monitoring debt, and prioritising savings to sustain independence in later years.