Log in
Business

International experts appreciate Vietnam’s high ranking in GII 2020

A senior expert of the WIPO who led the drafting team of Global Innovation Index (GII) 2020 report, said Vietnamese businesses have made remarkable progress, making an important contribution to the upgrade of Vietnam's GII.

Vietnam's 42nd place for the second year in a row among 131 global economies in the 2020 Global Innovation Index (GII) ranking is highly valued by international experts.

 Ambassador Le Thi Tuyet Mai

Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the United Nations, World Trade Organization and other international organizations in Geneva (Switzerland) made the statement at an online workshop on GII 2020 on September 8.

The workshop was jointly organized by Vietnam’s Ministry of Science and Technology and the World Intellectual Property Organization (WIPO) which released the GII ranking on September 2.

Accordingly, Vietnam is among the 10 best-ranked economies in terms of income group, and leads the group of lower-middle income economies, made up of 29 countries. Furthermore, the country has been also listed among the top 50 economies that have witnessed remarkable progress in the GII rankings in recent years.

Ambassador Mai cited WIPO experts that Vietnam is moving towards the group of 40 leading countries in this index which contains a majority of high-income countries.

The Vietnamese diplomat added that this is a proud but challenging result in the context where the pandemic is hindering innovation activities.

 Mr. Sacha Wunsch - Vincent, a senior expert of the WIPO, speaks highly Vietnam's GII ranking

Mr. Sacha Wunsch - Vincent, a senior expert of the WIPO who led the drafting team of GII 2020 report, said Vietnamese businesses have made remarkable progress, making an important contribution to the upgrade of Vietnam's GII.

For his part, Deputy Minister of Science and Technology Bui The Duy stressed that Vietnam's improvement in the GII ranking is the result of Vietnamese governmental system's efforts.

"In the difficult context of 2020, when the economies of all countries in the world have been affected by the Covid-19 pandemic, Vietnam has emerged as an exemplary in the fight against the pandemic, accumulating research and innovation results in many years and offering sci-tech solutions," Mr. Duy said.

He suggested that WIPO experts should cooperate with Vietnam to comprehensively re-evaluate the innovation index in the past ten years and assess innovation policies to raise innovative proposals.

The Global Innovation Index is a set of tools to evaluate the innovation capacity of nations in the world, implemented by WIPO in collaboration with INSEAD Institute, France and Cornell University (the US).

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

Hanoi urged to train 100,000 digital engineers through online academy

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.