HANOI, Jun 10 (NNN-VNA) – Vietnam was placed 68th out of the 120 countries in the biannual Open Budget Survey (OBS) 2021, up nine spots from 2019, it was reported today.
The country scored 44 out of the maximum of 100, in transparency, 80 in budget oversight and 17 in public participation last year, according to the survey, recently released by the International Budget Partnership (IBP).
It gained six more points in all three components, namely transparency, public participation and budget oversight, compared to 2019.
The OBS is an independent, comparative and fact-based research instrument, that uses internationally accepted criteria, to assess public access to central government budget information, formal opportunities for the public to participate in the national budget process, and the role of budget oversight institutions, such as legislatures and national audit offices, in the budget process.
According to Vietnam’s Ministry of Finance, the country has been striving to adopt good international practices, provide its citizens with easier access to financial and budget information, and encourage public participation in building and monitoring budget plans over the past few years.– NNN-VNA
