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.

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.