Jul 25, 2019 / 11:38

Vietnam climbs three steps in Global Innovation Index

Vietnam`s efforts have brought successes demonstrated by the steady promotion in the Global Innovation Index rankings over the past years.

Vietnam has climbed three positions in the 2019 Global Innovation Index (GII) compared to 2018, according to the World Intellectual Property Organization (WIPO) on July 24, Vietnam News Agency reported.

Vietnam has reached the 42th post among 129 economies, with scores higher than the average in seven categories.
 
Deputy Minister of Science and Technology Pham Cong Tac at the ceremony. Photo: Huy Le
Deputy Minister of Science and Technology Pham Cong Tac at the ceremony. Photo: Huy Le
This is the highest rank that Vietnam has ever achieved. Meanwhile, the countries holding the top positions are the same ones in previous years’ rankings like Switzerland, the US, England, Finland and the Netherlands.

According to Vietnam's Deputy Minister of Science and Technology Pham Cong Tac, for the past years, Vietnam’s scientific, technological innovative sector has made direct and indirect contributions to the country’s national economic growth, including some prominent fields such as health, agriculture and industry.

In the current period, as there is not much room for the capital- and labor-intensive based growth, the drivers for development should be based on science, technology and innovation, Tac said.

Currently, the Vietnamese government has assigned ministries and localities to implement solutions to improve performance for each indicator in GII.

For his part, Sacha Wunsch-Vincent, co-author of the GII report, head of the WIPO’s Economics and Statistics, evaluated that Vietnam is an exemplary country among those surveyed by the WIPO in the past three years.

Sacha Wunsch-Vincent said that Vietnam has been active in improving innovation policies. The country's efforts have brought successes demonstrated by the steady promotion in the GII rankings over the past years, he added.

The GII aims to capture the multi-dimensional facets of innovation by providing a rich database of detailed metrics for economies around the world. GII 2019 with 80 sub-indices provides an extensive vision of innovative activities, including institutions, education, infrastructure, market and environment business, among others.

In the GII report for last year, Vietnam climbed two positions compared to 2017 and 14 compared to 2016 to reach the 45th rank among 126 economies, with the scores higher than the average in seven categories.