Vietnam among world top 50 innovative countries

Scene at the conference held by the Ministry of Science and Technology to discuss Vietnam’s ranking in the global innovation index (GII) report 2017. (Photo:

Hanoi (VNA) – Vietnam was ranked
47th among over 127 economies surveyed in the global innovation
index (GII) report 2017, the highest ranking to date, up 12 places compared to
last year’s report.

[Vietnam up 12 places in Global Innovation Index]

The Ministry of Science and Technology
(MoST) held a conference discussing the ranking in Hanoi on July 13.

As heard at the function, Vietnam’s GII
topped the 27 lower-middle income countries on the list and was ranked third among
ASEAN member states, behind Singapore and Malaysia.

In comparison with the 2016 report, Vietnam
climbed 8 places in innovation input sub-index ranking, with improvement
recorded in the categories of macro institutions, human capital and research,
infrastructure, and market sophistication.

The country also went up 4 places in the innovation
output sub-index ranking in both knowledge-technology and creative outputs.

Speaking at the conference, MoST Deputy
Minister Tran Quoc Khanh attributed the outcomes to efforts made by the Party,
Government and public agencies at different levels with technological support
from the World Intellectual Property Organisation (WIPO).

He said the country needs to continue
improving innovation index in terms of business climate, capital market and investment,
and knowledge-technologies application, adding that enterprises are at the centre
of the national innovative system.

The GII report is annually co-published by
the WIPO, US-based Cornell University and France-based INSEAD business school.
It uses about 79 indicators to gauge both innovative capabilities and
measurable results.-VNA

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