Press Release: Vietnam Formally Begins Participation in the IMF's General Data Dissemination System
October 6, 2003
Vietnam has begun participating in the International Monetary Fund's General Data Dissemination System (GDDS), marking an important step forward in the development of the country's statistical systems. Comprehensive information on its statistical production and dissemination practices were published on the IMF's Dissemination Standards Bulletin Board on September 30, 2003.
"Our full GDDS subscription represents another milestone in the continuing improvements to the statistical standards of Vietnam. The General Statistical Office of Vietnam (GSO) is making efforts to develop the statistical system of Vietnam based on an improved legal environment. With this development, certainly the statistical data of Vietnam will be more adequate and of higher quality, and GSO will play a better role as GDDS coordinator," Dr. Le Manh Hung, GSO Director, said.
Mrs. Carol S. Carson, Director of the IMF's Statistics Department, agreed that GDDS participation was a milestone. "I am pleased that Vietnam has joined the 60 countries already participating in the GDDS. The commitment being made to improve statistics is an important one." She also welcomed the publication of Vietnam's metadata on the bulletin board.
The GDDS, established by the IMF in 1997, provides a framework to assist Fund member countries to develop their statistical systems with the objective of producing comprehensive and accurate statistics for policy-making and analysis. It addresses the quality and the dissemination of data. In addition, the website shows Vietnam's plans for improvements in its statistics infrastructure and the related technical assistance needs. This information provides the international community with a useful framework to develop and coordinate their technical cooperation projects in Vietnam.