Last year, Viet Nam was placed 48th among 132 economies in the Global Innovation Index released by the World Intellectual Property Organization (WIPO).

Viet Nam ranked second among 36 economies in the lower middle-income group, and 17th among 17 economies in Southeast Asian, East Asia and Oceania.

Specifically, Viet Nam performed best in creative outputs and weakest in human capital and research. Photo: BYT

The country is among the record-holders for outperforming in innovation for the 12th year in a row, alongside India, Kenya, and the Republic of Moldova.

Specifically, Viet Nam performed best in creative outputs and weakest in human capital and research.

Thanks to the WIPP's technical assistance, Viet Nam has developed a set of 51 innovation indices for localities nationwide. These indices are divided into seven pillars, said Deputy Minister of Science and Technology Bui The Duy.

The Ministry of Science and Technology suggested the Government allow the application of this set of innovation indices from 2023, Bui added.

Global Innovation Index
The Global Innovation Index (GII) takes the pulse of innovation against a background of an economic and geopolitical environment fraught with uncertainty. It reveals the most innovative economies in the world, ranking the innovation performance of around 132 economies while highlighting innovation strengths and weaknesses.

Envisioned to capture as complete a picture of innovation as possible, the Index comprises around 80 indicators, including measures on the political environment, education, infrastructure and knowledge creation of each economy.

The different metrics that the GII offers help to monitor performance and benchmark developments against economies within the same region or income group.
About the Global Innovation Index
Since its inception in 2007, the GII has shaped the innovation measurement agenda and become a cornerstone of economic policymaking, with an increasing number of governments systematically analyzing their annual GII results and designing policy responses to improve their performance.

Published anually, the core of the GII provides performance measures and ranks 132 economies on their innovation ecosystems. The Index is built on a rich dataset – the collection of 81 indicators from international public and private sources – going beyond the traditional measures of innovation since the definition of innovation has broadened.

In addition, the GII identifies the world’s top 100 science and technology clusters.