Circular 02/2020/TT-BKHDT classification of institutional sectors applicable in statistics

CIRCULAR

Prescribing the classification of institutional sectors applicable in Vietnam’s statistics^[1]

Pursuant to Statistics Law No. 89/2015/ QH13 of November 23, 2015;

Pursuant to the Government’s Decree No. 94/2016 /ND-CP of July 1, 2016, detailing and guiding the implementation of a number of articles of the Statistics Law;

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

At the proposal of the Director General of the General Statistics Office of Vietnam;

The Minister of Planning and Investment promulgates the Circular prescribing the classification of institutional sectors applicable in Vietnam’s statistics.

Article 1.Scope of regulation and subjects of application

1. This Circular prescribes the classification of institutional sectors applicable in Vietnam’s statistics, including:

a/ The list for classification of institutional sectors applicable in Vietnam statistics, provided in Appendix I to this Circular;

b/ The contents of classification of institutional sectors applicable in Vietnam’s statistics, provided in Appendix II to this Circular.

2. This Circular applies to agencies, organizations and individuals providing, producing and using statistical information about institutional sectors applicable in Vietnam’s statistics.

Article 2.Interpretation of terms

1. Institutional unit applicable in statistics (below referred to as institutional unit) means an economic entity that is capable, in its own right, of owning goods or assets, incurring liabilities and engaging in economic activities and in economic transactions with other economic entities. An institutional unit has the following attributes: (i) It is entitled to own goods or assets in its own right and, therefore, able to exchange the ownership over such goods or assets in transactions with other institutional units; (ii) It is entitled to take economic decisions and engage in economic activities for which it takes responsibility before law; (iii) It is able to incur liabilities, to take on obligations or commitments and to enter into economic contracts; and (iv) It has a complete set of accounts, or may compile accounts if it is so required.

2. Institutional sector applicable in statistics (below referred to institutional sector) means a group of institutional units with the same functions, purposes of production and business, structural characteristics, economic roles and mode of operation.

3. Six institutional sectors of Vietnam:

- Non-financial institutions sector;

- Financial institutions sector;

- State institutions sector;

- Households sector;

- Non-profit institutions serving households sector;

- Non-resident institutions sector.

Article 3.Principles of classification of Vietnam’s institutional sectors

- To ensure that the grouping of institutional sectors covers all institutional units of Vietnam;

- To ensure the feasibility of the collection and calculation of statistical indicators;

- To avoid overlaps, ensuring that 1 institutional unit is classified into 1 institutional sector only;

- To ensure conformity with the practical statistical work and ensure international comparison;

- To ensure flexible and unified arrangement of institutional units.

Article 4.Organization of implementation

1. The Ministry of Planning and Investment (the General Statistics Office of Vietnam) shall assume the prime responsibility for, and coordinate with the related agencies in:

a/ Collecting and synthesizing statistical information related to Vietnam’s institutional sectors in order to provide statistical data in accordance with this Circular;

b/ Guiding related units to implement regulations on the classification of Vietnam’s institutional sectors;

c/ Applying information technology to statistical activities using classification of institutional sectors applicable in Vietnam’s statistics.

2. Ministries, ministerial-level agencies, government-attached agencies, the Supreme People’s Court, the Supreme People’s Procuracy and related agencies shall, based on the classification of Vietnam’s institutional sectors, produce, provide and use information in the scope of statistical institutional sectors in accordance with this Circular.

Article 5.Effect

1. This Circular takes effect on May 10, 2020.

2. Any problems arising in the course of implementation of this Circular should be reported to the Ministry of Planning and Investment (through the General Statistics Office of Vietnam) for consideration, amendment and supplementation.-

Minister of Planning and Investment
NGUYEN CHI DUNG

* The appendices to this Circular are not translated.