Vietnam aces innovation rankings

10:16 | 22/08/2018 Science - Technology

(VEN) - Vietnam ranks 45th out of 126 economies in the Global Innovation Index (GII) 2018, up two places compared to the previous year, according to the GII report announced by the World Intellectual Property Organization (WIPO).

vietnam aces innovation rankings

High scores in all categories

The GII relies on two sub-indices - the Innovation Input Sub-Index and Innovation Output Sub-Index - that include seven key pillars. Five input pillars capture elements of the national economy that enable innovative activities: Institutions, human capital and research, infrastructure, market and business sophistication. Two output pillars capture actual evidence of innovation: Knowledge and technology, and creative outputs. Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators (80 in total in 2018).

In 2018, Vietnam’s scores in all seven pillars of the assessment were higher than the average for low middle-income countries. The sub-indices in which the country saw the greatest improvements are in institutions, going from 87 to 78; business sophistication from 73 to 66 and creative outputs from 52 to 46. Gross businesses expenditure on research and development moved from 36 to 13, while collaboration between university and industry went from 76 to 59.

Deputy Minister of Science and Technology Bui The Duy explained that the core of the GII report consists of ranking world economies’ innovation capabilities and results, co-published by the US Cornell University, France’s INSEAD, and the WIPO. The assessment methodology has been consistently improved over the years, and is the most comprehensive reference system to assess global innovation capabilities.

Vietnam’s high scores reflect the country’s efforts to deploy synchronous measures to improve its business environment, national competitiveness, and innovative capacity, as well as the WIPO’s active support through its technical assistance programs and capacity building activities. One of the WIPO’s most important support projects for Vietnam is a national intellectual property rights strategy. This is designed to help Vietnam’s entry into the Hague agreement on international registration of industrial designs and information technology system modernization with the aims of enhancing administrative capacity and speeding up the processing of industrial property registration.

Ambassador Duong Chi Dung, chair of the WIPO General Assembly for 2018-2019, said that among ASEAN, Vietnam is just behind Singapore, Malaysia and Thailand, and ahead of Brunei, the Philippines, Indonesia and Cambodia.

vietnam aces innovation rankings

Vietnam as a model

Sacha Wunsch-Vincent, a senior WIPO expert, said Vietnam emerges as a country with a special effect on innovation and a model of technological innovation for the group of low middle-income countries. He added that Vietnam is the only country that has created a special task force to boost innovation policies.

To further improve the GII ranking, Vietnam should continue to focus on enhancing indicators in terms of the business environment, market capitalization, information and communication technologies, and knowledge and technology outputs. In addition, the country should quickly complete a national intellectual property right strategy in order to create a driving force to further enhance Vietnam’s GII ranking in the coming years.

“Vietnam should set up bilateral cooperation frameworks with international organizations like the WIPO and other high-ranking countries in the GII report to learn from experience, share information on successful lessons and ask for support,” Sacha Wunsch-Vincent said.

Bui The Duy said the government has assigned the Ministry of Planning and Investment to coordinate with the Ministry of Science and Technology and other ministries and departments to include some innovation indicators in national statistics to be published periodically. It has also assigned the Government Office to cooperate with other ministries and departments to strengthen inspection in terms of the implementation of Resolution 19-2018/NQ-CP dated May 15, 2018 on major duties and measures to improve the business environment and enhance national competitiveness.

WIPO Director General Francis Gurry:

Vietnam’s 45th position in the GII 2018 is an encouraging result, especially in the group of low middle-income

countries as well as in ASEAN.

Quynh Nga