Vietnam makes progress in budget transparency: OBS report

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 OBS shows that, Vietnam has a transparency score of 51 out of 100, higher than the global average of 45, and up seven points from 2021.

The country’s public participation scored 19 out of 100, two points higher than 2021, and four points higher than the global average.

Regarding budget oversight, it recorded 82 points as compared with the global average of 62, and up two points from 2021.

Notably, the country gained 100 points in citizen budget, 83 in enacted budget, and 78 in in-year reports.

The OBS is the world’s only independent, comparative and fact-based research instrument. It uses internationally accepted criteria to assess public access to central government budget information, formal opportunities for the public to participate in the national budget process, and the role of budget oversight institutions./.