Vietnam Surged to be Among Top Three Innovators in South East Asia

Diep Nguyen

16:08 25/07/2019

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Vietnam has outperformed better than many other regional South East Asian countries on the global scale, ahead of Thailand (43rd), the Philippines (54th), Indonesia (85th) and Cambodia (98th).

Vietnam Surged to be Among Top Three Innovators in South East Asia

Photo: Independent

Việt Nam has jumped three ranks on the 2019 Global Innovation Index (GII) to place 42nd out of 129 economies around the world.
The latest ranking was announced by the World Intellectual Property Organisation (WIPO) in New Delhi, India on Wednesday. 
Vietnam has outperformed better than many other regional South East Asian countries on the global scale, ahead of Thailand (43rd), the Philippines (54th), Indonesia (85th) and Cambodia (98th).
Among the South East Asian countries, Singapore and Malaysia rank first. On the global scale, Singapore is at the 8th spot and Malaysia 35th spot. Singapore and Malaysia have invested heavily on science and technology over the past year.
Co-published by World intellectual property organisation (WIPO), Cornell University and INSEAD, the global innovation index (GII) is an annual ranking that quantifies the state of national innovation ecosystem across countries. Now in its 12th edition, the GII 2019 ranked 129 economies based on 80 wide ranging indicators. These included aspects ranging from traditional measurements like research and development investments and international patent and trademark applications to newer indicators.
In 2016, the DPIIT created a high-level task force on innovation to improve India's innovation system based on the GII metrics, and in 2017, the first consultative exercise was organised to address India specific data gaps in the GII to further improve its innovation performance. 
“The rise in the GII by economic powerhouses like China and India have transformed the geography of innovation and this reflects deliberate policy action to promote innovation. India also stands out in the GII .. 

DIEP NGUYEN

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