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| The World Intellectual Property Organization released the Global Innovation Index Report 2024. Source: Ministry of Science and Technology |
According to information from the Ministry of Science and Technology , on the evening of September 26 (Vietnam time), in Switzerland, the World Intellectual Property Organization (WIPO) announced the Global Innovation Index 2024 (GII) Report 2024. Accordingly, Vietnam was ranked 44/133 countries and economies, up 2 places compared to 2023. Prime Minister Pham Minh Chinh delivered an important speech at the event.
Vietnam has 3 leading indexes in the world
According to the GII 2024 Report, Vietnam continues to improve its innovation input ranking - up 4 places compared to 2023, from 57th to 53rd (innovation input includes 5 pillars: Institutions, human resources and research, infrastructure, infrastructure, market development level); innovation output increases 4 places compared to 2023, from 40th to 36th (innovation output includes 2 pillars: Knowledge and technology products, creative products).
Vietnam maintains its 2nd position in the group of lower-middle-income countries. The lower-middle-income country ranked above Vietnam is India at 39th. In addition, there are 5 upper-middle-income countries ranked above Vietnam: China (ranked 11th), Malaysia (ranked 33rd), Turkey (ranked 37th), Bulgaria (ranked 38th), and Thailand (ranked 41st). The remaining countries ranked above Vietnam are all industrialized countries in the high-income group. In the ASEAN region, Vietnam ranks 4th, after Singapore, Malaysia, and Thailand.
Vietnam is recognized by WIPO as one of the eight middle-income countries that have improved their rankings the most since 2013 (including China, Türkiye, India, Vietnam, the Philippines, Indonesia, Iran and Morocco). Vietnam is also one of three countries that have outperformed their development level for 14 consecutive years (including India, Moldova and Vietnam). For 14 consecutive years, Vietnam has consistently had higher innovation results than its development level, demonstrating its efficiency in converting input resources into innovation outputs. Vietnam's pillar scores are higher than those of countries in the lower-middle-income group and even higher than those of the upper-middle-income group, except for pillar 2 on human resources and research.
Notably, in 2024, Vietnam will have three leading indicators in the world: high-tech import index, high-tech export index and creative goods export index (based on total trade). This is the first time the creative goods export index has reached the top position in the world.
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| Ranking of ASEAN countries 2017-2024. Photo: Ministry of Science and Technology |
There are 3 indicators in the group of 10 leading countries in the world that are also assessed by WIPO as Vietnam's strengths, including: Labor productivity growth rate (ranked 3rd); Number of smartphone applications created (ranked 7th) and R&D expenditure covered by enterprises/total R&D expenditure (ranked 9th).
In terms of infrastructure (Pillar 3), Vietnam ranked 56th, up 14 places from 70th in 2023. This result was achieved due to WIPO changing its methodology. Accordingly, WIPO removed the environmental quality index and used a new index of the rate of use of low-carbon energy sources (Vietnam reached 26.8%, ranked 46). Two other energy indicators in this pillar also had positive improvements: the electricity output index, GWh/million people, increased by 5 places, from 75 in 2023 to 70, and the GDP/unit of energy used index increased by 4 places, from 72 to 68.
In terms of market development level (Pillar 4), Vietnam ranks 43rd, up 6 places from 49th in 2023. In Pillar 4, the most positive improvement indicator is the number of deals made by venture capitalists/PPP$GDP with an increase of 10 places compared to 2023, currently ranked 50th. The domestic credit index for the private sector, % of GDP, increased 6 places, to 15th place, this index is considered by WIPO as one of Vietnam's strengths. In addition, there are two indicators that improved by 3 levels: the capitalization value of listed companies (% of GDP) from 36th to 33rd place and the number of deals receiving venture capital/billion PPP$GDP continued to increase, from 54th in 2021 to 48th in 2022, ranked 47th in 2023, and continued to increase by 3 levels to 44th in 2024.
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| Progress in Vietnam's GII ranking 2017 - 2024. Photo: Ministry of Science and Technology |
In terms of market development level (Pillar 5), Vietnam ranked 46th, up 3 places compared to 2023. The strongest point is still the high-tech import index (% of total trade), up 3 places, returning to the leading position in the world (rank 01). The royalty payment index, % of total trade, increased 5 places, from 85th in 2023 to 80th. In addition, the indexes in the creative linkage index group all had positive improvements, contributing to the increase in the ranking of this index group from 43rd in 2023, up 2 places to 41st.
Regarding knowledge and technology product output (Pillar 6), Vietnam ranked 44th, up 4 places compared to 2023. Of which, two indexes continue to be Vietnam's strengths: high-tech export index (% of total trade) ranked first in the world after ranking 3rd in 2023; labor productivity growth rate index (GDP/worker) ranked 3rd, up 1 place compared to 2023.
Regarding the output of innovation and creative products (Pillar 7), Vietnam increased by 2 places, from 36th in 2023 to 34th. In particular, the group of creative products and services indexes is a bright spot with a sharp increase of 11 places, from 29th in 2023 to 18th. This improvement is mainly due to the creative product export index (% of total trade) ranking first in the world for the first time, increasing by 6 places, from 7th in 2023 to the leading position. In addition, the cultural and creative services export index, although still low in rank, has increased by 6 places from 87th in 2023 to 81st.
Innovation is a strategic choice and top priority
Minister of Science and Technology Huynh Thanh Dat said that these results were achieved thanks to the drastic, regular and continuous directions of the Government, the Prime Minister, Deputy Prime Ministers as well as the efforts of ministries, branches, localities, science and technology organizations, innovation support organizations and the business community in recent years, especially in the context of the economy having a relative recovery after the severe impact of the COVID-19 pandemic. Enterprises have been active and proactive in production, business and innovation activities, clearly demonstrating the proportion of research and development expenditure of enterprises accounting for the majority of total research and development expenditure, strengthening the linkage between institutes - schools - enterprises, and cluster linkages.
According to the Minister, to maintain and continue to improve the GII ranking sustainably, Vietnam needs to continue to focus on both the input factors of innovation, in which, pay special attention to improving the index groups that are currently not good. In particular, there needs to be breakthroughs in mechanisms and policies, creating motivation for the development of science, technology and innovation and applying the results of science, technology and innovation into production to develop science, technology and innovation as a direct productive force, the main driving force of the economic growth model, promoting the development of the digital economy.
In addition, improve the capacity of enterprises to absorb, master and gradually participate in creating technology. Increase the import and capacity to absorb advanced technology in the world; prioritize environmentally friendly projects with the potential to contribute to spillover, link with domestic enterprises to participate in the global value chain. Continue to develop the creative startup ecosystem, paying attention to creative startups that have a positive impact on the environment and society.
The Minister said that ministries and branches, following the Government's direction in Resolution 02/NQ-CP every year and according to their assigned functions and tasks, need to identify and implement fundamental, synchronous, long-term solutions to improve the GII indexes that have been ranked low for many consecutive years; at the same time, have effective and quick solutions to overcome the lack of data and outdated data so that the assessment results are more realistic. Localities need to actively have solutions to improve the PII index, thereby contributing to improving the GII index.
GII is a prestigious toolkit for assessing national innovation capacity in the world, reflecting the socio-economic development model based on science, technology and innovation of countries. Through that, countries can see the overall picture as well as their strengths and weaknesses. In recent times, the Government has used this index as one of the important management tools and has assigned ministries, agencies and localities to be responsible for improving the index. In particular, the Ministry of Science and Technology is assigned to be the focal point for monitoring and general coordination. From 2017 to present, Vietnam's GII index has continuously improved, increasing from 59th position (in 2016) to 44th in 2024. |
Source: https://dangcongsan.vn/khoa-hoc/viet-nam-tang-2-bac-xep-hang-chi-so-doi-moi-sang-tao-toan-cau-nam-2024-678997.html
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