Investigation Period for Service Production Prices Starting from 2025

Investigation period for service production prices in Vietnam from 2025 (Image from the Internet)

Investigation period for service production prices in Vietnam from 2025

The Minister of the Ministry of Planning and Investment of Vietnam issued Decision 1712/QD-BKHDT on the Plan for investigating service production prices (hereinafter referred to as the Plan) to be implemented from 2025. The investigation of service production prices will be carried out according to the following timeline:

Objectives and requirements for investigating service production prices in Vietnam

Section I of the Plan includes the objectives and requirements for investigating service production prices as follows:

(1) Objectives of investigating service production prices

Investigating service production prices is a sample survey under the National Statistical Survey Program implemented to serve some primary purposes:

- Compile the service production price index in the National Statistical Indicator System.- Compile and ensure information on the service production price index for Communist Party, National Assembly, the Government of Vietnam, ministries, and localities in management, economic analysis, formulation, and implementation of national target programs, and compile some comprehensive statistical indicators at comparable prices.- Meet the information needs on fluctuations in service production prices to help service providers analyze production and business performance, calculate economic efficiency, and contract service provision.

(2) Requirements for investigating service production prices

The investigation of service production prices must meet the following requirements:

- The organization, information collection, data processing, compilation, publication, and storage of investigative information must be seriously conducted according to the conformable Plan for investigation.- Ensure full, accurate, promptly, and correct information collection as stipulated in the Plan for investigation.- Confidential information collected from investigated subjects according to the Statistical Law.- Manage and use the investigation funds according to current policies, ensuring savings and efficiency.- The investigation results must meet the information needs of both domestic and international users, ensuring international comparability.

Method of investigating service production prices in Vietnam

According to Section IV.3 of the Plan, the investigation of service production prices applies a combination of indirect and direct investigation methods.

- Indirect investigation: Applied to enterprises through online information collection (Webform). Enterprises provide information on the investigation’s website. Investigators (IVs) are responsible for providing login accounts to enterprises, guiding them to provide information according to the investigation forms, and checking, approving the forms of the allocated units.

- Direct investigation: Applied to individual production and business establishments. IVs visit each establishment, meet with the information provider (establishment owner), and record information in the electronic investigation forms designed on mobile electronic devices (CAPI).

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