Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam recorded the greatest ranking improvement on the GlobalInnovation Index 2018 (GII) thanks to the country’s efforts to deploysynchronous measures to improve its business environment, nationalcompetitiveness, and innovative capacity.
In a recent interview granted to the VietnamNews Agency, Deputy Minister of Science and Technology Bui The Duy said that in2018, Vietnam, along with Malaysia, Thailand, and Indonesia, continued to improvetheir innovation rankings in Southeast Asia.
Vietnam ranked 45th out of 126 economies in theGII 2018 report conducted by the World Intellectual Property Organisation(WIPO) in collaboration with the business school INSEAD of France and CornellUniversity of the US. To reach this position, Vietnam leaped two places sincelast year and 14 places in comparison with 2016.
Duy said amongst the ASEAN, Vietnam is just behindSingapore, Malaysia, and Thailand, and ahead of Brunei, the Philippines,Indonesia, and Cambodia.
Vietnam led the ASEAN in terms of investment ineducation, and the country reported good outcomes in the sub-indices of labourproductivity growth and attraction of foreign direct investment (FDI), he added.
To continuously improve the innovation index,Duy held that it is necessary to improve sub-indices on the regions of businessenvironment, capital and investment market, knowledge application, andtechnology.
At the same time as putting in efforts to moreeffectively implement the Government’s Resolution No.19 (dated May 15, 2018),the country is also trying to improve the business environment, increasenational competitiveness, and complete the national intellectual propertystrategy, he said.
Innovation is now widely recognised as a centraldriver of economic growth and development. The Global Innovation Indexaims to capture the multi-dimensional facets of innovation by providing a richdatabase of detailed metrics for 126 economies.
The GII 2018 is divided into seven pillars. Ofwhich, the first five pillars are in the group of innovation input sub-indices,including institutions, human capital and research, infrastructure, marketsophistication, and business sophistication. The last two pillars are in thegroup of innovation output sub-indices, including knowledge and technologyoutputs, and creative outputs.
Themed “Energising the World with Innovation”,the GII 2018 analysed the energy innovation landscape for the next decade and hasidentified breakthroughs in fields such as energy production, storage,distribution, and consumption.-VNA
In a recent interview granted to the VietnamNews Agency, Deputy Minister of Science and Technology Bui The Duy said that in2018, Vietnam, along with Malaysia, Thailand, and Indonesia, continued to improvetheir innovation rankings in Southeast Asia.
Vietnam ranked 45th out of 126 economies in theGII 2018 report conducted by the World Intellectual Property Organisation(WIPO) in collaboration with the business school INSEAD of France and CornellUniversity of the US. To reach this position, Vietnam leaped two places sincelast year and 14 places in comparison with 2016.
Duy said amongst the ASEAN, Vietnam is just behindSingapore, Malaysia, and Thailand, and ahead of Brunei, the Philippines,Indonesia, and Cambodia.
Vietnam led the ASEAN in terms of investment ineducation, and the country reported good outcomes in the sub-indices of labourproductivity growth and attraction of foreign direct investment (FDI), he added.
To continuously improve the innovation index,Duy held that it is necessary to improve sub-indices on the regions of businessenvironment, capital and investment market, knowledge application, andtechnology.
At the same time as putting in efforts to moreeffectively implement the Government’s Resolution No.19 (dated May 15, 2018),the country is also trying to improve the business environment, increasenational competitiveness, and complete the national intellectual propertystrategy, he said.
Innovation is now widely recognised as a centraldriver of economic growth and development. The Global Innovation Indexaims to capture the multi-dimensional facets of innovation by providing a richdatabase of detailed metrics for 126 economies.
The GII 2018 is divided into seven pillars. Ofwhich, the first five pillars are in the group of innovation input sub-indices,including institutions, human capital and research, infrastructure, marketsophistication, and business sophistication. The last two pillars are in thegroup of innovation output sub-indices, including knowledge and technologyoutputs, and creative outputs.
Themed “Energising the World with Innovation”,the GII 2018 analysed the energy innovation landscape for the next decade and hasidentified breakthroughs in fields such as energy production, storage,distribution, and consumption.-VNA
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