Accurate Statistics Make Correct Forecasting

Statistical data tells us what has happened. If our statistical data correctly reflect the nature of an issue and we have a system of data strings for comparison and evaluation, we can identify trends and make forecasts. If statistical data are not right, we will then make incorrect forecasts. And, when statistics are not paid due attention, we cannot expect right policies. Planning and Investment Minister Bui Quang Vinh made these remarks at a recent meeting on activities of the statistical sector in 2012 - 2013 and action plans for 2013 - 2015 in Hanoi.

 

Ms Tran Thi Hang, Deputy General Director of the General Statistics Office (GSO), said, in this time of multi-faceted and multi-dimensional information, the close coordination between GSO and relevant bodies still ensures the quality of statistical information. Information communication forms are constantly improved and diversified. Information system construction, electronic data digitalisation and electronic information portal deployment have helped authorities and users to access information quickly, effectively and economically.

 

In addition to providing information subject to the reporting regime and information not subject to the reporting regime, like information on agricultural production progress, forestry situation, crop or livestock disease development for GSO, ministries and branches also closely work with GSO in implementing and enhancing international statistics cooperation, as evidenced by regular information reports delivered to international organisations like the Asian Development Bank (ADB), World Bank (WB), International Monetary Fund (IMF), International Labour Organisation (ILO) and the United Nations Development Programme (UNDP), to fulfil commitments of the Government of Vietnam and the IMF.

 

Minister Bui Quang Vinh also candidly admitted that statistical work at ministries and branches still has limitations that need to be addressed. For example, some ministries and branches are slow at building and issuing statistical criteria systems; some statistical information is not guaranteed as accurate due to lack of investigation; and statistical analysis and forecasting of ministries and branches are weak, failing to meet the requirements of the Party and the Government. He also emphasised that statistical information collected by ministries and branches is extremely important, because it not only serves sector-specific management requirements but also is one of major sources of information for GSO to generalise social and economic situations of the country to serve the requirements of the Party and the Government in macroeconomic management.