CIRCULAR

CONSIDERING 2020 AS THE BASE YEAR FOR CALCULATING STATISTICAL INDICATORS AT CONSTANT PRICES

Pursuant to the Law on Statistics No. 89/2015/QH13 dated November 23, 2015;

Pursuant to the Government’s Decree No. 94/2016/ND-CP dated July 01, 2016 detailing and guiding the implementation of a number of Articles of the Law on Statistics; 

Pursuant to the Government’s Decree No. 97/2016/ND-CP dated July 01, 2016 providing for contents of statistical indicators listed in the national statistical indicator system;

Pursuant to the Government’s Decree No. 86/2017/ND-CP dated July 25, 2017 defining the functions, tasks, powers and organizational structure of the Ministry of Planning and Investment;

Upon the request of the Director General of the General Statistics Office of Vietnam;

The Minister of Planning and Investment promulgates a Circular considering 2020 as the base year for calculating statistical indicators at constant prices.

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This Circular stipulates 2020 as the base year for calculating statistical indicators at constant prices, the price index system used for calculating statistical indicators at constant prices, the system of statistical indicators calculated at constant prices, methods of calculation of statistical indicators at constant prices and conversion of values of statistical indicators from the base year 2010 to the base year 2020.

Article 2. Regulated entities

1. Organizations and individuals compiling statistical indicators at constant prices, including: 

a) General Statistics Office of Vietnam.

b) Statistics agencies affiliated to Ministries, ministerial agencies, Governmental agencies and other central-level agencies.

c) Statisticians.

2. Organizations and individuals using statistical indicators at constant prices.

Article 3. Price index system used for calculating statistical indicators at constant prices

1. The list of price indices used for calculating statistical indicators at constant prices is provided in Appendix I enclosed herewith.

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Article 4. System of statistical indicators calculated at constant prices

1. The list of statistical indicators calculated at constant prices is provided in Appendix II enclosed herewith.

2. Contents of statistical indicators calculated at constant prices

a) Definition, calculation method, data sources and regulatory entities responsible for data collection and aggregation of the statistical indicators numbered 1 to 7 in Appendix II shall comply with the Government’s Decree No. 97/2016/ND-CP dated July 01, 2016.

b) Definition, calculation method, data sources and regulatory entities responsible for data collection and aggregation of the statistical indicators numbered 8 to 9 in Appendix II shall comply with the Circular No. 05/2017/TT-BKHDT dated November 30, 2017 of the Minister of Planning and Investment providing for statistical indicators in the fields of planning, investment and statistics corresponding to statistical indicators of codes 1301 and 1303.

Article 5. Methods of calculation of statistical indicators at constant prices

1. Asset accumulation

a) Gross asset accumulation

Gross asset accumulation of a reporting period at constant prices by specific types is calculated as follows:

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=

The reporting period’s gross asset accumulation at current prices by specific asset types

The price index according to asset types in the reporting period compared with that in the base period

b) Net asset accumulation

Net asset accumulation of a reporting period at constant prices by specific types is calculated as follows:

The reporting period’s net asset accumulation at constant prices by specific asset types

=

The reporting period’s gross asset accumulation at constant prices by specific asset types

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Where:

The reporting period’s fixed asset depreciation at constant prices by specific asset types

=

The reporting period’s fixed asset depreciation at current prices by specific asset types

The price index of assets in the reporting period compared to that in the base period

2. Final consumption

a) Government final consumption expenditure

Government final consumption expenditure at constant prices in a reporting period is calculated as follows:

Government final consumption expenditure at constant prices in a reporting period

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Government final consumption expenditure at current prices in a reporting period

Price index of relevant activities under state management in the reporting period compared to that in the base period

b) Household final consumption expenditure

- Household final consumption expenditure on purchase of goods and services in the market derived from the household (individual) budget at constant prices in a reporting period is calculated as follows:

Household final consumption expenditure on purchase of goods and services in the market derived from the household (individual) budget at constant prices in a reporting period 

=

Household final consumption expenditure on purchase of goods and services in the market derived from the household (individual) budget at current prices in a reporting period 

Consumer price index (CPI) by specific product industries in the reporting period compared to that in the base period

- Household final consumption of self-supplied products at constant prices in a reporting period is calculated as follows:

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=

Household final consumption of self-supplied products at current prices in a reporting period  

Price index of production by specific product industries in the reporting period compared to that in the base period

- Household final consumption expenditure of households consuming goods and services free of charge, or with charges lower than the market prices, at constant prices in a reporting period is calculated as follows:

Household final consumption expenditure of households consuming goods and services free of charge, or with charges lower than the market prices, at constant prices in a reporting period  

=

Household final consumption expenditure of households consuming goods and services free of charge, or with charges lower than the market prices, at current prices in a reporting period 

Consumer price index (CPI) by specific product industries in the reporting period compared to that in the base period

3. Goods export and import value

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Goods export value at constant prices in a reporting period

=

Goods export value at current prices in the reporting period

Price index of exports in the reporting period compared to that in the base period

Goods import value at constant prices in a reporting period

=

Goods import value at current prices in the reporting period

Price index of imports in the reporting period compared to that in the base period

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Service export and import values at constant prices in a reporting period are calculated as follows:

Service export value at constant prices in a reporting period 

=

Service export value at current prices in the reporting period 

Price index in the reporting period compared to that in the base period

Service import value at constant prices in a reporting period

=

Service import value at current prices in the reporting period

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5. Gross domestic product (GDP)

GDP at constant prices in a reporting period is calculated by two approaches as follows:

Production approach:

Gross domestic product (GDP) at constant prices in a reporting period

=

Gross value added of all economic industries at constant prices in the reporting period

+

Product taxes minus (-) product subsidies at constant prices in the reporting period

Where:

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Gross value added of an economic industry at constant prices in a reporting period 

=

Its output at constant prices in the reporting period

-

Its intermediate consumption at constant prices in the reporting period  

- The output of an economic industry at constant prices in a reporting period is calculated as follows:

  Output of an economic industry at constant prices in a reporting period  

=

  Its output at current prices in the reporting period  

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- The intermediate consumption of an economic industry at constant prices in a reporting period is calculated as follows:

Intermediate consumption of an economic industry at constant prices in a reporting period 

=

  Its output at constant prices in the reporting period  

x

Its intermediate consumption coefficient in the constant-price base year

b) Product taxes minus (-) product subsidies at constant prices in a reporting period shall be calculated as follows:

Product taxes at constant prices in a reporting period

=

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+

Import duties at constant prices in the reporting period

Value Added Tax (VAT) of various kinds, other product taxes at constant prices in a reporting period

=

Value Added Tax (VAT) of various kinds, other product taxes at current prices in the reporting period

Index of deflated value added in the reporting period compared to that in the base period

Import duties at constant prices in a reporting period

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Import duties at current prices in the reporting period

Import price index by specific groups of imports in the reporting period compared to that in the base period

Product subsidies at constant prices in a reporting period

=

Product subsidies at current prices in the reporting period

Index of deflated value added in the reporting period compared to that in the base period

Index of deflated value added in the reporting period compared to that in the base period

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The value added at current prices in the reporting period

The value added at constant prices in the reporting period

Consumption approach:

Gross domestic product (GDP) at constant prices in a reporting period

=

Final consumption at constant prices in the reporting period

+

Asset accumulation at constant prices in the reporting period

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Where:

a) The final consumption at constant prices in the reporting period shall be calculated according to the provisions in Clause 2 of this Article.

b) The asset accumulation at constant prices in the reporting period shall be calculated according to the provisions in Clause 1 of this Article.

c) Difference between export value and import value of goods and services at constant prices in the reporting period shall be calculated according to the provisions in Clause 3 and Clause 4 of this Article.

6. Gross national income (GNI)

GNI at constant prices in a reporting period is calculated as follows:

Gross national income (GNI) at constant prices in a reporting period

=

GNI at current prices in the reporting period

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GDP deflator in the reporting period compared to that in the base period

=

GDP at current prices in the reporting period

GDP at constant prices in the reporting period

7. Capital invested for the entire society

The capital invested for the entire society at constant prices in a reporting period is calculated as follows:

  Capital invested for the entire society at constant prices in a reporting period  

=

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  Corresponding price index in the reporting period compared with that in the base period

Where:

a) Investment capital used for capital construction

The investment capital used for capital construction at constant prices in a reporting period is calculated as follows:

Investment capital used for capital construction at constant prices in a reporting period

=

Investment capital used for capital construction at current prices in the reporting period

Construction price index by specific groups of products in the reporting period compared to that in the base period

b) Capital invested in machinery and equipment

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- Capital invested in machinery and equipment at constant prices in a reporting period is calculated as follows:

Capital invested in machinery and equipment at constant prices in a reporting period

=

Capital invested in domestically-manufactured and imported machinery and equipment at current prices in the reporting period

Price indexes of production and import of machinery and equipment in the reporting period compared to those in the base period

c) Supplementation of working capital in kinds

Supplementation of working capital in kinds at constant prices in a reporting period is calculated as follows:

Supplementation of working capital in kinds at constant prices in a reporting period 

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Price index of raw materials, fuels used for production in the reporting period compared to that in the base period

8. Monthly average income per capita   

Monthly average income per capita at constant prices in a reporting period is calculated as follows:

Monthly average income per capita at constant prices in a reporting period  

=

Monthly average income per capita at current prices in the reporting period  

Consumer price index (CPI) in the reporting period compared to that in the base period

9. Monthly average expenditure per capita

Monthly average expenditure per capita by constant prices in a reporting period is calculated as follows:

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=

Monthly average expenditure per capita by current prices in the reporting period  

Consumer price index (CPI) by specific product industries in the reporting period compared to that in the base period

Article 6. Conversion of values of statistical indicators from the base year 2010 to the base year 2020

1. 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

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2. 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

Article 7. Implementation

1. Organizations and individuals in Article 2 shall be responsible for implementation of this Circular.

2. The General Statistics Office of Vietnam shall:

a) compile statistical indicators at constant prices;

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c) provide detailed guidance on, and inspect the implementation of this Circular.

Article 8. Effect

1. This Circular comes into force from February 15, 2020 and supersedes the Circular No. 02/2012/TT-BKHDT dated April 04, 2012 of Minister of Planning and Investment considering 2010 as the base year as a substitute for the base year 1994 for calculating statistical indicators at constant prices.

2. Difficulties that arise during the implementation of this Circular should be reported to the Ministry of Planning and Investment (via General Statistics Office of Vietnam) for consideration./.

MINISTER




Nguyen Chi Dung

Thông tư 13/2019/TT-BKHĐT quy định năm 2020 làm năm gốc để tính các chỉ tiêu thống kê theo giá so sánh do Bộ trưởng Bộ Kế hoạch và Đầu tư ban hành