Vietnam climbs up 19 places in Global Innovation Index 2015

Vietnam is ranked 52th out of 141 countries in this year’s Global Innovation Index (GII), up 19 places from last year, said the Ministry of Science and Technology.

Vietnam is ranked 52th out of 141 countries in this year’s Global Innovation Index (GII), up 19 places from last year, said the Ministry of Science and Technology.

Countries that improved their innovation performance ranking compared to last year. (Source: globalinnovationindex.org)

GII, annually co-published by the World Intellectual Property Organisation (WIPO), US-based Cornell University, France-based INSEAD business school, surveys 141 economies worldwide, using 79 indicators to gauge both innovative capabilities and measurable results.

According to the GII report, Vietnam, together with China, Malaysia, India, Jordan and Kenya, are among a group of countries outperforming their economic peers.

It came third in the Southeast Asia region this year, after Singapore and Malaysia thanks to the considerable investment in science and technology development over the past year.

The country was placed 71th and 76th in 2014 and 2013, respectively.

Switzerland, the United Kingdom, Sweden, the Netherlands and the United States are the world’s five most innovative nations in 2015.

Minister Nguyen Quan said, following the positive result, the Ministry of Science and Technology will work with the scientist community in Vietnam to continue fostering innovation as a catalyst for Vietnam’s industrialisation and modernisation.