Vietnam: Conversion of values of statistical indicators from the base year 2010 to the base year 2020

08:44, 10/07/2024

This is a notable content mentioned in Circular 13/2019/TT-BKHDT, which considers 2020 as the base year for calculating statistical indicators at constant prices.

Conversion of the value of statistical indicators according to the base years 2010 and 2020, Circular 13/2019/TT-BKHDT

Illustrative image (source: internet)

Pursuant to Article 6 of Circular 13/2019/TT-BKHDT, values of reporting indicators shall be converted from the base year 2010 to the base year 2020 as follows:

Value of a reporting indicator at prices in the base year 2020

Its value at prices in the base year 2010

Price index in the base year 2020 compared to that in the base year 2010

Values of reporting indicators shall be converted from the base year 2020 to the base year 2010 as follows

Value of a reporting indicator at prices in the base year 2010	=	Its value at prices in the base year 2020
		Price index in the base year 2020 compared to that in the base year 2010

The Circular stipulates that the General Statistics Office; Statistical organizations under Ministries, Ministerial-level agencies, agencies under the Government of Vietnam, and other central organizations; and officers involved in statistical work are responsible for implementing Circular 13/2019/TT-BKHDT. Specifically, the General Statistics Office is responsible for:

a) Compiling statistical indicators according to the comparative price;

b) Promptly converting and publishing data of statistical indicators according to the comparative base years 2010 and 2020;

c) Providing detailed guidelines, inspecting, and supervising the implementation of this Circular.

More details can be found in: Circular 13/2019/TT-BKHDT which takes effect from February 15, 2020 and replaces Circular 02/2012/TT-BKHDT dated April 4, 2012 of the Minister of Planning and Investment stipulating the year 2010 as the base year instead of the base year 1994 for calculating statistical indicators according to comparative prices.

Thu Ba

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