Vietnam to include underground economy in GDP data in 2020

Thursday, 2019-02-14 11:15:09
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From 2020, Vietnam's GDP data will include the underground economy.
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NDO - Prime Minister Nguyen Xuan Phuc has approved a scheme to measure non-observed economic activity in Vietnam, with data beginning to be released in 2020.

The scheme aims to assess the performance of the informal sector in order to estimate the scope and size of the Vietnamese economy in a more complete and comprehensive manner.

Under the scheme, the government will conduct research into the theoretical foundations and international experience in measuring the non-observed economy and fully assess the current state of the informal sector in the broader economy.

A methodology will be selected later and trial measurements will be performed.

Based on the trial measurement results, official measurements will be carried out on an annual basis and updated to the national GDP data.

The General Statistics Office under the Ministry of Planning and Investment will be the lead agency responsible for implementing the scheme.