Project on unobserved economy statistics to be launched hinh anh 1At the event (Source: VNA)
Hanoi (VNA) – 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.

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

On February 1, 2019, the Prime Minister signed Decision No.146/QD-TTg approving the project with the aims of fully and comprehensively reflecting the country’s economic scale; improving statistics expertise towards meeting international standards and practices; refining laws, mechanisms, and policies; and improving the efficiency of state management of the economy.

Nguyen Thi Huong, GSO Deputy General Director, said this year, the office will set out to complete its study of and learn from international experience, determine the scale of the unobserved economy, and select appropriately measured solutions.

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