Global Innovation Index helps Vietnamese firms to develop future strategies: insiders
The 2024 Global Innovation Index (GII), in which Vietnam climbed two places to the 44th among the 132 countries and economies, reflects the country’s strengths and weaknesses in innovation and helps Vietnamese firms to develop future strategies, according to insiders.
Hanoi (VNA) – The 2024 Global Innovation Index (🔜GII), in which Vietnam climbed two places to the 44th among the 132 countries and economies, reflects the country’s strengths and weaknesses in innovation andඣ helps Vietnamese firms to develop future strategies, according to insiders.
This year’s GII report was released by the World Intellectual Property Organisation (WIPO) at a ceremony held in Switzerland on September 26.
Le Ngoc Tri, CEO of EM&AI JSC specialising in tech solutions, said the indicators reflect Vietnam’s innovation progress, helping startups like his firm gain an insight into the domestic market.
Meanwhile, Do Quy Su, Chairman of the Board of Directors and CEO of FiveSS Technology JSC, hailed the Vietnamese Government’s efforts in promoting innovation by enterprises, particularly tech startups, adding the GII makes it easier for Vietnamese firms to develop their own strategies for the future.
Over the past years, the Vietnamese Government has taken the index as a key management tool, and assigned ministries, agencies, and localities to raise relevant indicators, helping create improvements for 14 consecutive years.
Speaking via videoconferencing at the announcement ceremony, Prime Minister Pham Minh Chinh stressed that Vietnam has put the people at the centre, and taken them as the subjects and beneficiaries of innovation. Therefore, the country needs a global and all-people approach, promotes multilateralism, and calls for international cooperation in innovation.
Minister of Science and Technology Huynh Thanh Dat held that Vietnam should pay more heed to both innovation input and output, especially the indicators where its performance remains poor, thus maintaining and improving its GII ranking.
He emphasised the importance of breakthroughs in mechanisms and policies to create momentum for science-technology development and innovation, raise businesses’ capacity of adopting and absorbing cutting-edge technologies, and enhance the innovative startup ecosystem, focusing on the models with positive impacts on the environment and society.
The 2024 GII shows that Vietnam ranks 1st globally in high-tech exports, high-tech imports. and creative goods exports.
Additionally, it has three indicators in the top 10 globally - labour productivity (3rd), number of smartphone applications (7th), and the share of research and development spending covered by businesses in total R&D expenditure (9th)./.
In the 2024 Global Innovation Index report, released by the World Intellectual Property Organisation (WIPO) at a ceremony held in Switzerland on September 26, Vietnam climbed two places, now ranking 44th out of the 132 countries and economies, reflecting its ongoing progress.
Minister of Science and Technology Huynh Thanh Dat has emphasised the need for Vietnam to pay heed to both innovation input and output, thus maintaining and improving its ranking on the Global Innovation Index (GII).
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
