On September 26, the World Intellectual Property Organization (WIPO) released the Global Innovation Index (GII) 2024 Report. Vietnam's 44th ranking is a testament to its positive development, contributing to enhancing international prestige, attracting investment and expanding cooperation in the field of innovation.
This ranking reflects Vietnam's commitment and efforts in building an economy based on knowledge, technology and innovation.
Continuous improvement
Since 2017, when Resolution No. 19-2017/NQ-CP on implementing key tasks and solutions to improve the business environment and enhance national competitiveness was issued, assigning targets and responsibilities for the Innovation Index to each ministry and agency, the Global Innovation Index has continuously improved.
According to the recently released Global Innovation Index Report, Vietnam ranked 44/133 countries and economies, up 2 places compared to 2023. Among low-middle-income countries, our country's Global Innovation Index continues to maintain its second position. In the ASEAN region, Vietnam ranks 4th (after Singapore, Malaysia and Thailand).
According to Associate Professor, Dr. Tran Ngoc Ca, an expert in the field of innovation, the fact that Vietnam has been the leading country in the innovation index among countries with the same economic level for many consecutive years shows the stability and effectiveness of policies on science , technology and innovation, as well as the attention paid to the application of science and technology in various fields in recent times.
The Global Innovation Index will have a positive impact on foreign investment in Vietnam, especially attracting technology-related businesses. This ranking affirms Vietnam's position in the context of international integration.
With this year's results, the World Intellectual Property Organization assessed that Vietnam is one of the eight middle-income countries that have improved their rankings the most since 2013 (including China, Turkey, India, Vietnam, the Philippines, Indonesia, Iran and Morocco). For 14 consecutive years, Vietnam has always had higher innovation results than its level of development.
This shows the effectiveness of converting input resources into innovative outputs. Vietnam's pillar scores are higher than those of lower-middle-income countries and even higher than those of upper-middle-income countries, except for the pillar "Human resources and research".
The global innovation index is “measured” on 7 major pillars, including about 70-80 component indicators.
This year, Vietnam has 3 leading indexes: High-tech imports; High-tech exports; Creative goods exports. For the first time, our country's "Creative goods exports" index has reached the number 1 position in the world (in 2023 it will be ranked 7th). This index is the output of innovation.
Notably, the venture capital indexes tend to develop very well, with the number of venture capital deals increasing by 27 places, ranking 50/133 countries; the number of deals receiving venture capital increased by 10 places, to position 44/133 countries.
According to Mr. Pham Hong Quat, Director of the Department of Market Development and Science and Technology Enterprises (Ministry of Science and Technology), the venture capital index plays an important role in the Global Innovation Index because it reflects the ability to provide capital and the level of financial support for the creative startup ecosystem.
This success comes from the close and drastic direction of the Government and the Prime Minister as well as the participation of ministries, branches, localities and the science, technology and innovation community.
Along with that are policies to develop green economic models, circular economy, develop technology-based enterprises (spin-offs) from institutes and schools, promote investment trends in green technology, artificial intelligence, develop creative startup support centers, promote technology incubation activities, and organize creative startup events of different scales.
According to the assessment of the Ministry of Science and Technology, the positive improvements in the Innovation Index are thanks to the close and drastic direction of the Government and the Prime Minister as well as the participation of ministries, branches, localities and the science, technology and innovation community.
Enterprises have been active and proactive in research activities, applying science and technology to production and business activities, promoting innovation in enterprises.
Three groups of solutions to improve the index
The Global Innovation Index 2024 report shows that there are two groups of pillar indexes that we have not improved: the indexes of "Institutions" and "Human resources and research".
Minister of Science and Technology Huynh Thanh Dat said that institutional issues still need much effort to improve to facilitate socio-economic development based on science, technology and innovation, especially the index on "Quality of legal regulations" ranked only 95/133 countries.
Regarding “Human resources and research”, the index group on “Education” has not improved much. It is necessary to continue to improve the quality of training to attract domestic and foreign students. The education model needs to be invested in to meet international standards. It is necessary to promote the role of the university sector in cooperating with the business sector to carry out research and development activities and innovation.
In addition, it is necessary to pay attention to the index on "ICT Infrastructure" because there has not been any significant change, ranking 72/133 countries, not achieving the target of improving the index set by the Government's Resolution.
Also in the Global Innovation Index 2024 Report, Vietnam has 3 indicators without data and 12 indicators using outdated data. This situation affects the aggregate score, thus also affecting the innovation index.
According to an innovation expert, the data of the Global Innovation Index is calculated from secondary data, which are results that have been collected and analyzed directly or have been calculated and synthesized by international organizations, with about 30 data sources used, so ministries and branches need to update data for objective and accurate assessment.
The goal set out in our country's Strategy for Science, Technology and Innovation Development by 2030 is for the Global Innovation Index to continuously improve, ranking among the top 40 countries in the world.
To maintain and continue to improve the Global Innovation Index ranking in a sustainable manner, Minister of Science and Technology Huynh Thanh Dat said that Vietnam needs to continue to focus on both input and output factors of innovation, especially paying attention to improving index groups with much room and potential for development.
Accordingly, there are 3 groups of solutions that need to be implemented immediately to improve the index next year.
Firstly, it is necessary to build breakthrough and specific mechanisms and policies to facilitate the development of science, technology and innovation so that science, technology and innovation are truly the main driving force of the economic growth model, promoting the development of the digital economy and digital society.
Second, improve the capacity of enterprises to proactively receive and absorb advanced technologies from the world; prioritize environmentally friendly projects, link with domestic and foreign enterprises to participate in the global value chain. Continue to develop the creative startup ecosystem.
Third, ministries and branches, according to their assigned functions and tasks, need to identify and implement fundamental, synchronous, long-term solutions to improve indexes that have been ranked low for many consecutive years; localities need to actively implement solutions to improve the local innovation index, thereby contributing to improving the global innovation index.
Source: https://baolangson.vn/xay-dung-nen-kinh-te-dua-tren-khoa-hoc-cong-nghe-va-doi-moi-sang-tao-5023281.html
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