Vietnam continues to rise in the global innovation index in 2024

On the evening of September 26, Vietnam time, the World Intellectual Property Organization (WIPO) held a ceremony to announce the Global Innovation Index (GII) 2024 Report in Geneva (Switzerland).

Accordingly, Vietnam is ranked 44/133 countries and economies, up two places compared to 2023. Vietnam continues to improve its innovation input ranking compared to 2023, from 57th to 53rd. Innovation output increased 4 places compared to 2023, from 40th to 36th.

In the ASEAN region, Vietnam ranks 4th (after Singapore, Malaysia and Thailand).

In the WIPO GII 2024 Report, Vietnam was recognized by WIPO as one of the eight middle-income countries that improved their rankings the most since 2013 (including China, Türkiye, India, Vietnam, the Philippines, Indonesia, Iran and Morocco).

Vietnam is also one of three countries holding the record for having outstanding achievements compared to its development level for 14 consecutive years (including India, Moldova and Vietnam).

For 14 consecutive years, Vietnam has consistently had higher innovation outcomes than its level of development, demonstrating its efficiency in converting resource inputs into innovation outputs. Vietnam’s pillar scores are higher than those of lower-middle-income countries and even higher than those of upper-middle-income countries, except for pillar 2 on Human Resources and Research.

According to the report, in 2024, Vietnam will have 3 leading indicators in the world: High-tech Import, High-tech Export and Creative Goods Export. There are 3 indicators in the top 10 countries in the world: Labor Productivity Growth Rate (ranked 3rd), Number of Smartphone Applications Created (ranked 7th) and R&D Expenditure Covered by Enterprises/Total R&D Expenditure (ranked 9th).

Speaking online at the event, Prime Minister Pham Minh Chinh assessed that innovation is an objective requirement, a strategic choice and a top priority for countries in the process of rapid and sustainable development, leaving no one behind.

According to Prime Minister Pham Minh Chinh, Vietnam encourages innovation for the purpose of peace, cooperation and development in the world as well as in the region, and opposes innovation for the purpose of war, unfair competition and especially when it affects the lives of people around the world. Therefore, Vietnam also has a very clear view that in this innovation process, people must be the center and the subject, and people must truly enjoy the fruits of innovation.

The Global Innovation Index is a prestigious toolkit for assessing national innovation capacity in the world, reflecting the socio-economic development model based on science, technology and innovation of countries.

Through this, countries can see the overall picture as well as their strengths and weaknesses. For this reason, the GII is currently used by many governments as an important reference tool for state management of science, technology and innovation, as well as for building science, technology and innovation policies (India, China, Philippines, Columbia, Brazil ...).

In recent times, the Government has used this index as one of the important management and administration tools and has assigned ministries, agencies and localities to share responsibility for improving the index.

The Ministry of Science and Technology is assigned to be the focal point for monitoring and general coordination. Since 2017, Vietnam's GII has continuously improved, rising from 59th place (in 2016) to 46th place in 2023.