Vietnam climbs two spots in 2024 Global Innovation Index rankings

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.

Among the lower middle-income countries, Vietnam maintains its second position in the ranking. The country ranks 1st globally in high-tech exports, high-tech imports, and creative goods exports.

Other improvements are also seen in venture capital, with the number of venture capital deals jumping 27 places to the 50th, and that of venture capital recipients up 10 spots to the 44th.

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.

The Global Innovation Index reveals the most innovative economies in the world, ranking the innovation performance of around 130 economies while highlighting innovation strengths and weaknesses, according to the WIPO./.

By: VNA