IMF Helps Vietnam Re-calculate GDP: Official

The International Monetary Fund (IMF) has dispatched a delegation to Vietnam to help the country re-calculate the size of gross domestic product (GDP) at the invitation of the government-run General Statistics Office (GSO), Robert Dippelsman from the Statistics Department of the IMF, has told local media. He elaborated that the IMF is playing a key role in helping member countries including Vietnam having the best economic data, based on which they [the member-countries] build their economic management policies. The IMF delegation would help review Vietnam’s GDP calculation method because the IMF wants Vietnam to master the data related to the new companies, small and medium-sized enterprises (SMEs), and non-state companies, which the current GDP method has yet to calculate or update to fully measure the size of GDP. Mr. Robert also affirmed that the review and update of GDP data is a normal and necessary move, particularly for developing nations with the rapid development. (Bao Chinh Phu)