GSO and SBV - Vietnam APEC SEMINAR-WORKSHOP on THE MEASUREMENT of INTERNATIONAL TRADE in SERVICES...

GSO and SBV - Vietnam

APEC SEMINAR-WORKSHOP on THE MEASUREMENT of INTERNATIONAL TRADE in SERVICES

Philippines 1 - 3 October, 2008

The measurement of International The measurement of International Trade in Service in VietnamTrade in Service in Vietnam

By Mrs.Nguyen Thi Thanh Xuan - SBV and Mrs.Vu Thi Thanh Huyen - GSO


Contents

I. Overview

II. Current situation of the measurement

III. Challenges and Future plan


I. Overview


I. Overview

1. The GSO A concentrated statistical system Functions, responsibilities and authorities are

determinate by Statistics Law and the Government

• Managing the statistical operations nationwide;

• Organizing statistical activities;

• Compiling, providing Socio-Economic statistics.


I. Overview (cont.)

2. SBV Statistics BOP are collected under the authority of Decree no. 164/1999 ND-CP of November 16,1999 and Circular No 05/2007/TT-NHNN-BTM-BKH&DT-BTC

• The data are compiled quarterly in US dollar• Collecting via Banking system under the Decision 477/2004-NHNN


I. Overview (cont.)

3. Statistics on ITS Before 2003:

• Under BOP’s service exports/imports• Followed BPM5 • Compiling by the State Bank (SBV)• Data sources: banking system only• Business surveys: No


I. Overview (cont.)

From 2003: • Studying on international standards

(based on the Manual) by GSO • Co-operated by SBV and relevant

agencies• Developing data sources based on

surveys and others


1. Overview (cont.)

1.3. Service activities

• Playing an important role more and more in Vietnam’s economy.

• Services contributed in:

38% GDP

25% employee

14% international trade


2004 2005 2006Total number of enterprises

91,756 112,950 131,332

Of which: service enterprises

53,880 67,558 80,352

Share (%) 58.8 59.8 61.2

Total employee (1000 pers.)

5,770 6,237 6,722

Of which: service enterprises

1,413,586 1,587,848 1,751,486

Share (%) 24.5 25.5 26.1


II. Current situation of the

measurement


II. Current situation

1. International standards

International Trade in service statistics

Service exports/imports Statistics - BOP

FATS statistics

Transactions between residents and non-residents

Transactions betweenresidents


II. Current situation (cont.)

2. Exports/imports in BOP and SNA

Exports

Resident Non-resident

Imports



Method: based on BPM5 by IMF principally Data collection: co-operated by SBV and GSO Data sources:

Monthly reports from the commercial banks by SBV

Quarterly reports from corporations (Airlines, Post and Telecommunication, sea transportation), annual enterprises survey by GSO

Data from GSO, GDC for estimating I,F of imported goods (CIF value).



2.1. TransportationAir transportation

Sources: Reports from Vietnam Airlines CorporationReceipts/payment: receipt/payment of passenger and cargo transportation services, airport services, flight management services from/to non-residents.



2.1. TransportationSea transportationSources: Reports from national shipping lines Receipts/payment: Receipts/payment of passenger and cargo transportation services, seaport services from/to non-residents.



2.2. TravelSources: Monthly reports from Vietnam Immigration Department and Annualy Expenditure Surveys by GSO since 2003

Estimation method

Value of travel export

=Number

of foreign visitors

XAverage

expenditure per day

XAverage length of stay in

Vietnam

GSO - Vietnam

Survey on foreign visitor’s expenditure Conducted in 2003 and 2005 Sampling survey: with stratified sample

Step1: to select representative provinces/citiesStep1: to select representative provinces/cities

Step2: to select representative accommodationsStep2: to select representative accommodations

Step3: to select representative foreign visitorsStep3: to select representative foreign visitors

To fill in the questionnaires by foreign visitors To fill in the questionnaires by foreign visitors at selected accommodationsat selected accommodations



2.3. CommunicationSources: Vietnam Posts and telecommunications Group (VNPT)Receipts/payment: receipts/payments of post and courier services; telecommunication services (telephone, telex, telegraph, facsimile services, telecommunication channel rent services, data transmission services and others from/to non-residents.



2.4. Financial serviceSources: Reports from commercial banks and other credit institutions

Contents of report: 13 original indicators are reported by transaction value (exclude fee transaction) under the Decision of SBVCredit institutions report to SBV their own receipts (interest, receipt service without interest).


II. Current situation (cont.)Coverage: transactions between authorized banks and non-residents (Institutions, Individuals and banks); non-residents (banks, individuals, institutions) and residents (in Viet Nam); non-resident bank financial corporations and residents are small.

Receipts/payment: receipts of service charge, transaction in securities- brokerage, arrangement of swap, options and other hedging instruments; commission of commodity future traders, and services related to asset management, security custody services from/to non-residents.


II. Current situation (cont.) 2.5. Insurance services

For imported goods

Source: sample survey five yearly by GSO and report on value of imported goods from GDC

(I) of imported

goods=

Rate of Insurance

of imported

goods

x

Value of imported

goods (CIF)

x

Rate of Insurance supplied by non-residents

GSO - Vietnam

Survey on I and F of imported goods (cont.)

Conducting on Jun, 2006 as the first time A sampling survey Unit of survey: enterprises having imported goods Survey method: sending the questionnaires to the

enterprises for filling data. Data items: general information of enterprises, value

of imported goods (CIF), commodities, country of

export, mode of transport, insurance, freight



2.5. Insurance servicesFor other insurance services

Source: monthly reports by commercial banks to SBV and the annual enterprise survey by GSO

Receipt/payment: between residents and non-residents



2.6. Government servicesSource: reports by Ministry of Finance

Receipt/payment: receipt from foreign embassies or international organization in Vietnam and expenditures of Vietnamese embassies abroad.



2.7. Other servicesSource: reports by SBV co-operating with GSO from AES for estimation quarterly

Receipt/payment: receipt from non-residents and payment to non-residents.


Co-operated data sources

Annual Enterprise SurveyAnnual Enterprise Survey by GSO by GSO

Survey on foreign visitor’s expenditures by GSOSurvey on foreign visitor’s expenditures by GSO

Survey on (I) and (F) of imported goods by GSOSurvey on (I) and (F) of imported goods by GSO

Monthly report by Commercial banks to SBVMonthly report by Commercial banks to SBV

GSO - Vietnam

Annual Enterprise Survey

Conducting from 2002, to collect up-to-date statistics performance indicators and monitor the performance Statistical unit: enterprises (excluding agriculture sector) Time: 1st April annually Data items: performance indicators of previous year

2002 - 2004: employee, income, asset and capital source, inventory, capital investment, turnover, products, profit, tax and other items payable..

2005 - 2006: to add one more item: service export/import (item No. 26)

GSO - Vietnam

Annual Enterprise Survey Main outputs:

Number of enterprises having services ex/im activity by industry (VSIC) and economic sectors

Number of employee of enterprises having services ex./im. activity by industry and economic sector

Value of service exports/imports by economic sector, by service categories and by provinces.

Value of service exports/imports of FDI enterprises by service categories, by provinces and by no-resident investor owns (less than 50%, 50%, over 50%)



3. FATS statisticsServices provided by majority-owned foreign affiliates in Vietnam (inward flows) Services supplying of majority-owned Vietnamese affiliates abroad (outward flows)



FATS statistics are not available at present.Relevant statistics areas ?

FDI statistics (both inward and outward flows)Data sources:

- Statistical regime (circular No.01)- Annual enterprises survey.- FDI business registration

Allocation for mode of supply: are not available



4. General conclusion:

Statistical reporting regime and surveys, classifications are inadequate

Services exports/imports data in BOP are not sufficient/detailed

Statistical indicators system for international trade negotiations on services are not established (market open, market access)


III. Challenges and future plan


1. Challenges Services comprise a heterogeneous range of sectors. More difficult than International Merchandise

Trade Statistics. Lack of knowledge about SITS in enterprises Data of earnings and payments for services are

sensitive to enterprises Low respond rate in surveys


2. Future plan

2.1. Developing of data collection based on the AES:

Focus on large enterprises.

More detailed and careful guidelines

More detailed classification according to EBOPS

Classify by large partner countries

2.2. Compile and disseminate FATS statistics from data on FDI in AES database

2. Future plan2.3. Revise and supplement periodical report regimes/

surveys applied for enterprises.

2.4. Enforce combination among Agencies and Ministries

2.5. Conduct a standard census on international trade in services

2.6. Establish international trade in services database and disseminate information

2. Future plan

2.7. Classify statistics by four modes of supplies

2.8. Research and apply estimate measures

2.9. Apply classification lists of international trade in services and other related ones


THANK YOU !

GSO and SBV - Vietnam APEC SEMINAR-WORKSHOP on THE MEASUREMENT of INTERNATIONAL TRADE in SERVICES...

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