Viet Nam moves up two notches in Global Innovation Index 2024

According to the report released by the World Intellectual Property Organization (WIPO) on September 26, Viet Nam sees an improvement in the Innovation Input Sub-index, rising four notches to the 53rd position.

The Innovation Input Sub-index comprises five pillars: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication.

The country's Innovation Output Sub-index also edges up by four notches compared to 2023, rising to 36th position. The Innovation Output Sub-index comprises two pillars: Knowledge and technology outputs, and Creative outputs.

Viet Nam maintains its second position among low-middle-income countries. The low-middle-income country ranked above Viet Nam is India, at 39th place.

The WIPO report shows Viet Nam is among the middle-income economies with the fastest in the GII ranking since 2013, alongside China, Turkey, India, the Philippines, Indonesia, Iran and Morocco.

Viet Nam is also one of three countries that have consistently outperformed their development level for 14 consecutive years, alongside India and Moldova.

For 14 years in a row, the Southeast Asian country has consistently achieved higher innovation results compared to its level of development, demonstrating effectiveness in converting input resources into innovation output.

Its scores in various pillars are higher than those of countries in the low-middle-income group and even exceed those in the high-middle-income group, except for the second pillar, which is Human Capital and Research.

Notably, in 2024, the country has three indicators that rank first in the world: high-tech imports, high-tech exports, and creative goods exports. Additionally, it has three indicators in the top 10 globally: labor productivity (ranked 3rd), number of smartphone applications (ranked 7th), and the share of research and development spending covered by businesses in total R&D expenditure (ranked 9th)./.