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.

This year’s GII report was released by the World Intellectual Property Organisation (WIPO) at a ceremony held in Switzerland on September 26.

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).