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 <subject>Economic analysis</subject>
 <subject>International organizations</subject>
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 <subject>Financial statements</subject>
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 <title>Vietnam Economic Data: Assessment of Availability and</title>
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<abstract>Pursuant to a congressional request, GAO provided information on the
economy of Vietnam, focusing on the availability, transparency, and
quality of published economic and trade data on Vietnam.&lt;p/&gt;GAO noted that: (1) Vietnam has released data on a number of key
economic indicators such as the gross domestic product (GDP), imports
and exports, foreign investments, and growth rates; (2) however, it has
not made available some other important data on the economy; (3) it does
not publish the state budget and does not provide standard financial
information used by the International Monetary Fund (IMF) for its
monthly International Financial Statistics (IFS) publication; (4)
virtually all countries in the world, including transitional economies
and the poorest countries, publish their country pages in the IFS; (5)
when data is available, it is highly aggregated and difficult to
interpret because the data collection, analysis, and reporting methods
used to produce it are not transparent or readily available to users;
(6) while the quality of the data has improved in recent years,
published indicators such as GDP contain weaknesses because they do not
include important components of the economy; (7) for example, small
businesses, the service sector, and remittances from overseas are
underreported, while growth and foreign investment estimates may be
overestimated; (8) without more accurate data, it is difficult to
effectively evaluate economic conditions in Vietnam and identify
economic and financial problems that may be occurring; and (9) several
international agencies, such as the IMF and the World Bank, have
recognized that data deficiencies exist and are providing technical and
financial assistance to the Vietnamese government to help it improve the
availability and quality of its data.</abstract>
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 <topic>Developing countries</topic>
 <topic>Foreign governments</topic>
 <topic>Economic analysis</topic>
 <topic>International organizations</topic>
 <topic>Economic growth</topic>
 <topic>Financial statements</topic>
 <topic>Data integrity</topic>
 <topic>Foreign technical aid</topic>
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