Vietnam has made notable strides in innovation, rising two positions to rank 44th in the 2024 Global Innovation Index (GII) report released by the World Intellectual Property Organization (WIPO) in Geneva on September 26. Within ASEAN, Vietnam ranks 4th, following Singapore, Malaysia, and Thailand.
The World Intellectual Property Organization releases the Global Innovation Index report. Photo: WIPO
This year, Vietnam saw substantial improvements in both innovation input and output metrics. Specifically, the country rose 4 places in innovation input to rank 53rd and climbed 4 spots in innovation output to 36th. Notably, Vietnam is a world leader in High-Tech Imports, High-Tech Exports, and Creative Goods Exports, measured as a percentage of total trade.
The GII 2024 report also recognized Vietnam as one of eight middle-income countries with the most significant ranking improvements since 2013. This achievement reinforces Vietnam's position as the second-most innovative lower-middle-income country, trailing only India.
Minister of Science and Technology - Mr. Dat Huynh stated that this success reflects the government’s decisive direction and the dedicated efforts of ministries, local authorities, and the business community. This ranking advancement not only boosts Vietnam's competitiveness but also opens substantial opportunities for the country on the global stage.
Source: Vietnam.net
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