On December 31, 2019, the Minister of Planning and Investment issued Circular 13/2019/TT-BKHDT stipulating that 2020 shall be the base year for calculating statistical indicators at constant prices.
Illustration (source internet)
The list of statistical indicators at constant prices is specified in Appendix II of Circular 13/2019/TT-BKHDT. Specifically, the content of the statistical indicators calculated at constant prices is regulated in Circular 13 as follows:
- The concept, calculation method, data source, and the agency responsible for the collection and compilation of statistical indicators numbered 1 to 7 in Appendix II are implemented according to the provisions of Decree 97/2016/ND-CP dated July 1, 2016, of the Government of Vietnam, specifying the content of statistical indicators in the national statistical indicator system.
- The concept, calculation method, data source, and the agency responsible for the collection and compilation of statistical indicators numbered 8 and 9 in Appendix II are implemented according to the provisions of Circular 05/2017/TT-BKHDT dated November 30, 2017, of the Minister of Planning and Investment, specifying the statistical indicator system for the Planning, Investment, and Statistics sector corresponding to statistical indicators with codes 1301, 1303.
Additionally, the method of calculating statistical indicators at constant prices is also detailed in Article 5 of Circular 13/2019/TT-BKHDT. Below is an example of the method for calculating asset accumulation:
Firstly, gross asset accumulation:
Gross asset accumulation of the reporting period at constant prices by type of asset is calculated as follows:
Gross asset accumulation of the reporting period at constant prices by type of asset |
= |
Gross asset accumulation of the reporting period at current prices by type of asset |
Corresponding price index of the asset type of the reporting period compared to the base period |
Secondly, net asset accumulation:
Net asset accumulation of the reporting period at constant prices by type of asset is calculated as follows:
Net asset accumulation of the reporting period at constant prices by type of asset |
= |
Gross asset accumulation of the reporting period at constant prices by type of asset |
- |
Depreciation of fixed assets of the reporting period at constant prices by type of asset |
Where:
Depreciation of fixed assets of the reporting period at constant prices by type of asset |
= |
Depreciation of fixed assets of the reporting period at current prices by type of asset |
Corresponding price index of the asset type of the reporting period compared to the base period |
See detailed regulations in Circular 13/2019/TT-BKHDT effective from February 15, 2020.
Thu Ba
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