The Ministry Open Budget Index (MOBI) in 2021 was released at a press conference held in Hanoi on October 18. (Nguồn: Congthuong.vn)

The result suggested that ministries and authorities have been more transparent in budget information for 2021. However, the index is still at a worryingly low level.

Out of the 44 ministries and organisations researched, the Ministry of Finance topped the list with a score of 76.16. VTV and the State Bank of Vietnam placed second and third with 72.09 points and 59.09 points, respectively.

The index was published on October 18 by the Budget Transparency Alliance for Progress (BTAP), the Vietnam Centre for Economic and Strategic Studies (VESS), and the Centre for Development and Integration (CDI) at a press conference in Hanoi.

MOBI is calculated based on four main criteria: readiness, completeness, availability and continuity of budget documents.

According to the report, up until March 31, 2022, 14 ministries and authorities have not publicised budget documents on their online portal pages.

Along with the MOBI for state agencies, BTAP also has another index on budget transparency, the POBI, used for rating the public budget transparency of provinces.

POBI 2021 results, published on September 29, are more than double the MOBI at 69.53 out of 100 points.

In terms of the four criteria, MOBI has shown that more efforts are needed from government agencies to have a more transparent and accessible budget.

For the criterion "Availability of Budget Documents", only 30 out of 44 government authorities have published at least one budget document in 2021. However, none of the 44 agencies published the documents on time, thus failing to qualify for the "Readiness" criterion.

Thirty-three agencies passed the "Accessibility" criterion, with documents being published in accessible formats such as PDFs and Excel spreadsheets.

In terms of "Completeness", the Ministry of Finance, VTV and the State Bank of Vietnam are still the pioneers. The MoF led with 53.49 points in completeness.

The research panel and creators of the MOBI also recommended the Government and the National Assembly urge authorities to adhere to public budget transparency rules, in compliance with the Law on State Budget.