return icon

Vietnam ranks 48th in 2022 Global Innovation Index

Vietnam is placed 48th among 132 economies in the Global Innovation Index 2022.
Vietnam ranks 48th in 2022 Global Innovation Index hinh anh 1
Officials visit the IoT (Internet of Things) Innovation Hub at Hoa Lạc Hi-tech Park in Hanoi. (Photo: VNA)

The country also ranks 2nd out of 36 economies in the lower middle-income group, with a performance above expectation for the level of development.

Vietnam continues to score above the lower middle-income group average in all innovation pillars, and even achieves the same result when compared to the average of the upper-middle-income group, apart from human capital and research.

It ranks first worldwide in high-tech imports.

Region-wise, Vietnam is placed 10th among the 17 economies in Southeast Asia, East Asia, and Oceania.

It is also included in the middle-income economies with the fastest innovation catch-up to date.

Vietnam 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, the Southeast Asian country performed best in creative outputs and weakest in human capital and research.

However, a slight fallback is witnessed, which emphasised the importance of sustaining innovation efforts over time.

Previously, Vietnam ranked 44th in 2021 and 42nd in 2020.

This year, the first place continues to belong to Switzerland, followed by the US in second and Sweden in third.

Published by the World Intellectual Property Organisation (WIPO), a specialised agency under the United Nations, the GII tracks the current state of innovation globally and ranks the innovative performance of 132 countries.

The 2022 focus is on the future of innovation-driven growth, analysing global innovation trends against the background of an ongoing pandemic, a slowing of productivity growth and other evolving challenges.

Two innovation waves in particular are identified as having the greatest potential to improve productivity and change lives for the better – the Digital Age and Deep Science.

Responses from WIPO member states last year revealed that more than 75 countries use the GII either to improve their innovation ecosystem, strengthen innovation metrics, or as a specific reference in economic policymaking./.
Source: VNA


How will Vietnam escape the 'middle-income trap'?

Vietnam aims to become a higher average income country and a high income country by 2035 and 2045. However, to reach that goal, it will have to overcome challenges, especially institutional ones.

HCM City develops food streets to attract tourists

Ho Chi Minh City is focusing on developing food streets to attract more tourists and make them spend more during their stay in the city.

Int’l experts, organisations believe in Vietnam's sustainable growth potential

Experts, and representatives of international organisations, and investment funds have shown their belief in the potential for sustainable growth in Vietnam in the coming tỉme.

Why has HCM City removed 'residential people’s groups'?

With the elimination of over 25,000 "residential people’s groups", HCM City has cut 38,000 part-time officers.

Duan wins Hanoi Midnight marathon title, eyes SEA Games slot

Almost 10,000 elite and amateur runners registered to participate in the event. The number was double that of the first edition in 2020.

HCM City seeks to prevent illegal waste dumping

HCM City’s environmental sector is taking steps to prevent illegal dumping of domestic waste transported from neighbouring provinces to the city.

Macroeconomic and monetary policies key to improving economy

A volatile global market, the COVID-19 pandemic, approaching the limit to horizontal expansion and inefficient macroeconomic policies in the past...

Domestic tourism increases but spending remains low

The domestic tourism market was a lifesaver during the difficulties of the COVID-19 pandemic, but local spending on tourism is still low and needs a boost, experts have warned.

Transparent practices help farmers sell more produce

The optimal requirement of farm produce is safety, and without it, sales would be low.

Hanoi's tourism shows strong recovery since March 2022

Eight months after the reopening of international travel, Hanoi has seen substantial development in the tourism sector.

The natural beauty of Trang An

Trang An Landscape Complex is a mixed cultural and natural property within three protected areas, including the Hoa Lu Ancient Capital, the Trang An-Tam Coc-Bich Dong Scenic Landscape, and the Hoa Lu Special-Use Forest.

Screening tool to bump up FIE quality

Achecklist for appraisal of foreign-invested ventures in Vietnam will help the country woo desired foreign funding.

Lacking money, work on privately funded thermal power projects stalls

The thermal power projects developed by private investors all have been going slowly because of multiple problems.

Boosting international railway transport investment

The initial successes of the railway container transport network from Vietnam to Europe have inspired engagement with the international railway network.

Entertainment and cultural events of the week (November 28-December 4)

Upcoming entertainment and cultural events in Vietnam's major cities on November 28-December 4.