On the evening of September 26, the World Intellectual Property Organization (WIPO) announced the Global Innovation Index (GII) Report 2024 in Geneva (Switzerland).

According to this report, Vietnam is ranked 44th out of 133 countries and economies, up 2 places compared to 2023. In the ASEAN region, Vietnam ranks 4th in innovation, after Singapore, Malaysia and Thailand.

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The World Intellectual Property Organization released the Global Innovation Index Report. Photo: WIPO

The Global Innovation Index is a prestigious tool for assessing national innovation capacity in the world, reflecting the socio-economic development model based on science, technology and innovation of countries. Through that, countries will see the overall picture as well as their strengths and weaknesses.

The report shows that Vietnam continues to improve its innovation input ranking, rising 4 places compared to 2023, from 57th to 53rd. Innovation input includes 5 pillars: Institutions, Human resources and research, Infrastructure, Market development level, Enterprise development level.

In terms of innovation output, Vietnam increased 4 places compared to 2023, from 40th to 36th place. Innovation output includes 2 pillars: Knowledge and technology products, Creative products.

Notably, in 2024, Vietnam will have three leading indicators in the world: High-tech imports, High-tech exports and Creative goods exports (as a percentage of total trade).

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Progress in Vietnam's GII ranking during 2017-2024. Data: WIPO

In the WIPO Global Innovation Index 2024 Report, Vietnam was recognized as one of the eight middle-income countries that improved their rankings the most since 2013. These countries include China, Türkiye, India, Vietnam, the Philippines, Indonesia, Iran and Morocco.

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

For 14 consecutive years, Vietnam has always had higher innovation results than its development level. This shows the efficiency in converting input resources into innovation outputs.

Vietnam's scores on the innovation pillars are higher than those of lower-middle-income countries and even higher than those of upper-middle-income countries, except for the Human Resources and Research pillar.

Vietnam currently maintains its 2nd position in terms of innovation among lower-middle-income countries. The only lower-middle-income country ranked above Vietnam is India, at 39th.

In addition, there are 5 upper middle-income countries ranked above Vietnam, including China (ranked 11th), Malaysia (ranked 33rd), Turkey (ranked 37th), Bulgaria (ranked 38th) and Thailand (ranked 41st). The remaining countries ranked above Vietnam are all industrially developed countries, belonging to the high-income group.

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Minister of Science and Technology Huynh Thanh Dat. Photo: Ministry of Science and Technology

The Global Innovation Index report is currently used by many governments as an important reference tool for state management of science, technology and innovation, thereby building policies.

Sharing about Vietnam's rise in the global innovation rankings, Minister of Science and Technology Huynh Thanh Dat said that this result was achieved thanks to the drastic, regular, and continuous direction of the Government, Prime Minister, and Deputy Prime Ministers.

In addition, it is necessary to mention the efforts of ministries, branches, localities, science and technology organizations, innovation support organizations and the business community in recent years, especially in the context of the economy having a relative recovery after the severe impact of the Covid-19 pandemic.

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