This technical assistance (TA) mission on Government Finance Statistics (GFS) was conducted remotely during February 2022-April 2022. The main purpose of the mission was to review the progress made by the authorities in implementing previous TA recommendations and provide further support to strengthen the compilation and dissemination of GFS in line with international standards set out in the Government Finance Statistics Manual 2014 (GFSM 2014).
At the request of the General Statistics Office (GSO) of Vietnam, a technical assistance mission helped with the measurement of the non-observed economy in national accounts. This was part of a series of missions to support the compilation of a new national accounts benchmark for 2020 and publish rebased estimates in March 2023. This mission was funded by the IMF’s Data for Decisions project with the overall goal of putting more and better data in the hands of decision-makers.
At the request of the General Statistics Office (GSO) of Vietnam, a technical assistance mission helped with the preparation of the next rebase of national accounts. The current base year 2010 needs to be updated to incorporate recent structural changes. A work plan was established to compile a new national accounts benchmark for 2020 and publish rebased estimates in March 2023. The mission focused on a better incorporation of non-observed activities as well as the development of supply and use tables and input-output tables for the new benchmark. This mission was funded by the IMF’s Data for Decisions project with the overall goal of putting more and better data in the hands of decision-makers.
In consultation with the Ministry of Finance (MOF) of Lao PDR, a virtual technical assistance (TA) mission supported by the IMF’s Asia and Pacific Department (APD) was conducted during October 4–29, 2021, by the IMF Statistics Department (STA) and the Capacity Development Office in Thailand (CDOT). This ongoing peripatetic capacity development mission was delivered virtually by the CDOT-based LTX with staggered remote meetings. The TA mainly worked with the Fiscal Policy and Law Department (FPLD) and the External Finance and Debt Management Department (EFDMD) on compilation of government finance statistics (GFS) and public sector debt statistics (PSDS) in line with international standards, as the agreed work plan with the authorities in the April/May 2021 TA mission.
International Monetary Fund. Asia and Pacific Dept
Spurred by an impressive vaccination drive, the economy is rebounding from a severe pandemic wave. The government successfully maintained fiscal, external, and financial stability. Nonetheless, the labor market recovery is lagging, with sizeable underemployment, small and medium sized enterprises remain vulnerable, problem loans are rising, real estate and corporate bond market risks are elevated, and the pandemic exacerbated longstanding structural challenges.
This technical assistance (TA) report on government finance statistics (GFS) covers the remote TA to the Ministry of Finance (MOF) during September 21–October 2 and December 14–18, 2020 and March 9–13 and April 19–23, 2021 (which was extended to May 2021). These peripatetic activities were conducted remotely due to the travel restrictions resulting from the COVID-19 situation. This report documents the main achievements from these activities. These activities were part of the GFS and Public Sector Debt Statistics (PSDS) project funded by the Government of Japan (JSA3) and implemented by the IMF Statistics Department (STA) and the IMF Capacity Development Office in Thailand (CDOT).