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Vietnam leaps two places in global innovation index in 2023

Vietnam has leaped two places in the Global Innovation Index (GII) in 2023, ranking 46th out of 132 countries and territories, according to a GII report released by the World Intellectual Property Organization (WIPO) on September 27.
Vietnam leaps two places in global innovation index in 2023 ảnh 1Illustrative image (Source: VNA)
Geneva (VNA) – Vietnam has leaped two placesin the Global Innovation Index (GII) in 2023, ranking 46th out of132 countries and territories, according to a GII report released by the WorldIntellectual Property Organisation (WIPO) on September 27.

According to the report, Vietnam has continued to show progressin converting innovation input into output performance. The country has jumpedfrom 59th position in 2022 to 57th position in 2023 interms of input level, while its output level was up one place to 40th position.

The GII input pillars include institutions, human capitaland research, infrastructure, market sophistication, and business sophistication.Meanwhile, the output performance are knowledge and technology outputs and creativeoutput.

Vietnam leaps two places in global innovation index in 2023 ảnh 2Vietnamese scientists making NanoDragon satellite (Photo: VNSC)
Particularly, Vietnam has maintained its second positionamong lower middle-income countries in the overall GII after India (40th).Among ASEAN countries, Vietnam is behind Singapore, Malaysia and Thailand.

According to WIPO, Vietnam is among most impressive innovationclimbers of the last decade. Vietnam, along with India and the Republic ofMoldova, continue to be record holders by being innovation overperformers for a13th consecutive year.

This year, Vietnam ranks 33rd in the unicornvaluation, and 66th in research and development (R&D)expenditure./.
VNA
#Global Innovation Index (GII)#World Intellectual Property Organisation (WIPO)#lower middle-income countries#Vietnam#Vietnam news#Vietnam News Agency
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