2019 Provincial Open Budget Index released
|
The average transparency score was 65.55 out of 100 points, up from 51 points in 2018 and 30.5 in 2017.
The southern-coastal and southern regions boasted the highest average POBI scores, of 77.16 points and 73.81, respectively.
The north-central region placed last among Vietnam’s seven regions, with 52.62 points.
The Mekong Delta province of Vinh Long continued to have the most transparent administration in terms of budget spending, posting 90 points.
Meanwhile, central Phu Yen province and northern Thai Binh province were ranked last, with just 10 points each.
Researchers surveyed 63 cities and provinces regarding two main pillars - budget transparency and civil participation - to evaluate localities’ efforts to fully disclose all relevant fiscal information in a timely and systematic manner.
The index is built on the five main criteria of completeness, timeliness, availability, convenience, and reliability in providing seven documents that the 2015 Law on State budget mandates be disclosed and three other documents that need to be published under international best practices.
The POBI is a national initiative implemented independently by non-profit research institutes since 2017. Along with other indexes such as the PCI (provincial competitiveness index), it has become a tool to enhance openness, democracy, and transparency and also helps Vietnam demonstrate its international commitment to promoting open government.
Related News
State Treasury promotes digital convenience and facilitates customers
16:05 | 11/03/2023 Finance
Tax sector proposes handling over VND1 trillion from inspections
09:23 | 09/02/2023 Finance
State budget revenue in first month of 2023 sees low result
15:42 | 07/02/2023 Finance
Over VND638 trillion of public investment for 2023 allocated
09:46 | 05/02/2023 Finance
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance