The State Bank of Vietnam head office in Hanoi

Conducted by the International Budget Partnership (IBP) and announced globally and in Vietnam for the seventh time, the Open Budget Survey showed that Vietnam had advanced in the three pillars of transparency, participation, and oversight.

Vietnam scored 21.2 points in the Ministry Open Budget Index (MOBI) last year, which reveals the budget transparency of ministries and central agencies, up 10.2 points compared to 2018.

Nguyen Minh Tan, Deputy Director of the Finance and Budget Department at the National Assembly Office, said, “We see great progress in all three pillars: budget transparency, international citizen participation, and budget monitoring or parliamentary participation. Audit and National Assembly oversight has made great progress.”

Ngo Minh Huong, Director of the Centre for Development and Integration (CDI), said the index shows efforts of the Vietnamese Government and Finance Ministry in implementing commitments to publicizing information in public resources management and use, making it easier for people to discuss budget matters along with legal reform and budget management towards greater transparency.