Vietnam ranks 57th out of the 125 surveyed countries in terms of budget transparency, up 11 places compared to 2021, according to the Open Budget Survey (OBS) 2023 released recently by the International Budget Partnership.
The average ranking of budget transparency for localities in 2021 was 69.53 points out of 100, a rise of just 0.44 points compared to 2020. The numbers suggest that most localities have not fully disclosed information about their finances to the public.
The International Budget Partnership (IBP) has released its Open Budget Survey (OBS) 2021, showing that Vietnam rank 68th out of the 120 countries in budget transparency, up nine places on 2019 and 23 from 2017.
The 2020 Provincial Open Budget Index (POBI) has the average score of 69.09 out of 100 points, up 3.54 points from the previous year, with the Mekong Delta province of Vinh Long topping the rankings.
Vietnam has seen considerable improvements in budget transparency at national, provincial and ministry levels, heard a project closing workshop in Hanoi on October 8.
The Open Budget Survey (OBS) 2019 from the International Budget Partnership (IBP) ranks Vietnam 77th out of 117 countries around the world, up 14 places against the previous survey in 2017, the Ministry of Finance reported on May 18.
Vietnam’s Open Budget Index (OBI) has not been substantially improved but is ready to be changed, Joel Friedman, a senior fellow at the International Budget Partnership (IBP), said on January 14.
