Project on unobserved economy statistics to be launched

Director General of the General Statistics Office (GSO) Nguyen Bich Lam has affirmed that a project on unobserved economy statistics will serve as an important reference for the statistics sector to refine its expertise up to international practices.
Project on unobserved economy statistics to be launched ảnh 1At the event (Source: VNA)
Hanoi (VNA) – Director General of the GeneralStatistics Office (GSO) Nguyen Bich Lam has affirmed that a project onunobserved economy statistics will serve as an important reference for the statisticssector to refine its expertise up to international practices.

During a press conference in Hanoi on February 20, Lam said theproject will help improve the quality of statistics to fully and correctlyreflect the socio-economic situation, thus better serving sectors andlocalities’ socio-economic development planning.

On February 1, 2019, the Prime Minister signed DecisionNo.146/QD-TTg approving the project with the aims of fully and comprehensivelyreflecting the country’s economic scale; improving statistics expertise towardsmeeting international standards and practices; refining laws, mechanisms, andpolicies; and improving the efficiency of state management of the economy.

Nguyen Thi Huong, GSO Deputy General Director, said thisyear, the office will set out to complete its study of and learn from internationalexperience, determine the scale of the unobserved economy, and selectappropriately measured solutions.

From next year, it will officially begin collect data on theunobserved economy and integrate the data in the country’s gross domesticproduct (GDP), the GDP of centrally-run cities and provinces, and relevant socio-economictargets.–VNA 
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