It is the highest ranking that Vietnam has ever achieved so far. Meanwhile, Switzerland, the US, UK, Finland and the Netherlands remain in the top.

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Speaking at the ceremony, Deputy Minister of Science and Technology Pham Cong Tac said Vietnam’s science-technology and innovation sector has made direct and indirect contributions to national economic growth over the past years, especially in fields of health care, agriculture and industries.

In order to maintain growth momentum, Vietnam is shifting to growth model based on science-technology and innovation, he said.

According to Tac, the Vietnamese government has assigned ministries and localities to take measures to improve the country’s rankings in the GII.

Sacha Wunsch Vincent, head of the WIPO’s Composite Indicator Research Section, Economics and Statistics Division and Co-Editor of the GII, hailed Vietnam as a model country among those surveyed by the WIPO over the past three years.

GII’s 80 indicators provide a comprehensive overview of innovation landscape, including political environment, education, infrastructure, and business development.

Last year, Vietnam ranked 45th out of 126 countries and economies, up two places from 2017.

Hanoi rolls out red carpet for Danish businesses

Hanoi stands ready to create favourable conditions for Danish investors who come to seek investment opportunities and do business in the capital city, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.

Vietnam’s supporting industries attract Korean businesses

More and more businesses from the Republic of Korea (RoK) are coming to Vietnam to operate in supporting industries.

Ability to pay taxes online a boon for Vietnam’s import-export businesses

Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department. 

Over 100 energy saving solutions proposed for businesses

More than 100 energy saving solutions have been proposed under a project funded by the Government of the Republic of Korea to promote the investment market for energy efficiency in Vietnam’s industrial sector.

Enterprises optimistic about production, business in Q2

Nearly 90 percent of enterprises operating in processing and manufacturing predict that their production and business would be better or remain stable in the second quarter of 2019, according to the General Statistics Office (GSO).

Source: VNA