Politics & Laws
Shares experience four consecutive days of decline
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| Prime Minister Nguyễn Xuân Phúc speaks at a conference of the General Office of Statistics (GSO) in Hà Nội on Monday. — VNA/VNS Photo Thống Nhất |
HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has hailed the statistics sector’s performance in 2017, while asking the sector to improve forecasting work.
Addressing a conference of the General Office of Statistics (GSO) in Hà Nội on Monday, the PM said statistics provided by the sector help the Government steer and run the national economy.
Based on socio-economic statistics, the Government can better understand the country’s socio-economic situation, each sector and locality; measure the effectiveness of policies and mechanisms; and pinpoint important issues for each specific period, he said.
PM Phúc also appreciated the GSO’s quarterly reports along with analysis on subjective and objective causes for the growth rate at different points in time.
The Government leader urged the sector to improve its forecasting work and promote the application of IT systems for faster and more accurate data processing.
GSO Director General Nguyễn Bích Lâm reported that the sector conducted one general economic census and 28 other surveys on a smaller scale in 2017. The general economic census for the first time collected data on the subcontracting operations of enterprises and foreign non-governmental organisations operating in Việt Nam.
The GSO built economic growth scenarios for each quarter in 2017 and made recommendations accordingly to the PM and Deputy PMs.
The Office also coordinated with ministries in the adjustment of prices of State-controlled commodities such as petrol, electricity, and health care and education services, contributing to fulfilling the goal of inflation control.
Lâm said the GSO will continue to research and develop socio-economic growth scenarios to serve management work and improve the quality of its forecast and analysis of the macro-economic situation.
An important task for the sector is to make preparations for switching to the base year of 2020 from the current 2010. — VNS
