VietnamExpress-Sept 3
Vietnam is ranked 42nd among 131 economies in the 2020 Global Innovation Index and ninth in Asia, ahead of many neighbors. Vietnam scored 37.12 out of 100 and secured third place in Southeast Asia after Singapore and Malaysia, according to the report compiled by the World Intellectual Property Organization, Cornell University and the business school INSEAD. The report, released Wednesday, measured the innovation performance of 131 economies around the world based on seven factors: human capital and research, knowledge and technology outputs, infrastructure, market sophistication, business sophistication, creative outputs, and institutions. Vietnam ranked first in innovation among the group of 29 lower-middle income economies. This year, the country has performed better than some of its Southeast Asian neighbors on the global list, moving ahead of Thailand (44), the Philippines (50), Indonesia (85), Cambodia (110), Laos (113) and Myanmar (129).
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