Vietnam ranks 44th in Global Innovation Index 2021
Vietnam ranked 44th out of 132 countries and economies in the Global Innovation Index 2021 (GII 2021) which was announced by the United Nations' World Intellectual Property Organisation (WIPO) on September 20.
Hanoi (VNA)- Vietnam ranked 44th out of 132 countries and economies in the Global Innovation Index 2021 (GII 2021) which was announced bythe United Nations' World Intellectual Property Organisation (WIPO) onSeptember 20.
The country kept its first position among the 34 lower-middle income economies in the index.
The GII 2021 report released on September 20 mentioned Vietnam as one of four middle-income economies (the othersbeing Turkey, India and the Philippines) with the potential to change theglobal innovation landscape, systematically catching up with other economieslike China.
Vietnam, along with India, Kenya and the Republic of Moldova, holds the record for overperforming on innovation relative to their level of development for the 11th year in a row, according to the report.
This year's GII data shows that Northern America and Europe continue to lead far in front of other regions for innovation, but the innovation performance of South East Asia, East Asia, and Oceania (SEAO) has been the most dynamic in the past decade, and is the only region closing the gap.
The 2021 Global Innovation Index, issued by the World IntellectualProperty Organization (WIPO), ranks the innovative performance of worldeconomies based on seven factors: human capital and research, knowledge andtechnology output, infrastructure, market sophistication, businesssophistication, creative outputs and institutions.
Vietnam has been part of the index since its debut in 2007, climbingup steadily since 2013, after several years of hovering just above the 70thplace. The country ranked 42nd in the index in 2019 and 2020, which is explained by the change in Vietnam's calculation of its GDP./.
Vietnam has been striving to improve its legal framework and policies on science and technology in order to boost productivity and economic competitiveness and make innovation a driver of growth.
Vietnam’s digital economy will likely reach 52 billion USD in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company.
The transaction value in Vietnam’s science-technology market posted average annual growth of 22 percent during the 2011-2020 period, a recent conference reviewing the 10-year development of the market heard.
Hanoi is working on a plan to form a technology trading platform - a move considered critical for the development of the science-technology market in the capital and in Vietnam as a whole.
The Prime Minister has issued a document to the Ministry of Science and Technology on restructuring national-level science and technology programmes for the 2021-2025 period and towards 2030.
Three Vietnamese engineers have won Gold Award at The Global AI Challenge for Building E&M Facilities 2025, held in the Hong Kong Special Administrative Region (China).
With the government's strong direction and active participation from businesses and citizens, national digital transformation is deepening, with a focus on building a digital government, economy, and society.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.