Revising GDP methodology to match international standards

by VTV422 August 2019 Last updated at 07:52 AM

VTV.vn - Vietnam is reassessing its GDP methodology to meet international standards and better reflect its economic size and structure.

Although Vietnam’s statistical inputs have been improving, data gathered so far has been insufficient for accurately calculating annual GDP targets. In order to resolve this, revision may help in fully reflecting new data on the economy.

Vietnam’s revision looks at all economic activities considered legal under the country’s current laws and regulations. The underground economy and illegal activities will not be included.

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