Examining the Welfare System Expenses in Vietnam: Analysis of Total Expenses and Population Trends in 2011-2018

Abstract

The welfare system is a critical aspect of any society, aimed at providing assistance and support to individuals and families in need. The main objective is to examine Vietnam's welfare system expenses and population trends between 2011 and 2018 to understand the challenges and opportunities of providing effective welfare programs. The Ratio Indicator is analysed using averages, means, growths, coefficients, and other means. The results show that the total welfare system expenses have been increasing from 2012 to 2013, with the most significant increase between 2012 and 2013 when the total Welfare System expenses increased by 10,864,663 mil. VND. The average welfare system expense growth on one citizen per year in the monitored period was 15,371 VND per year with an average growth coefficient of 1.055 per year. The analysis has limitations since it does not consider those without social security benefits; therefore, this study should be taken as a mean value. Also, Vietnam's geographical location makes it challenging to account for natural catastrophes and other factors that affect the welfare system.