Hanoi (VNA) - Vietnam has been striving to improve its legal
framework and policies on science and technology in order to boost productivity
and economic competitiveness and make innovation a driver of growth.
A total of 16 governmental and seven ministerial documents were issued last
year to enhance financial mechanisms for the development of science and
technology, particularly on mobilising non-State budget capital and attracting a
Vietnam is now home to 687 organisations conducting science and
technology studies, 236 universities, three high-tech parks, 13 high-tech
agricultural zones, and eight information technology (IT) parks.
The country has spent 2 percent of its State budget annually on science
and technology. Infrastructure for studies in key sub-sectors, including
biotechnology, petro-chemistry, materials, energy, automation, nanotechnology,
computational technology, and medicine have also seen substantial investments.
It ranked 42nd among 131 economies for the second consecutive year in
the 2020 Global Innovation Index (GII). Among economies making the most
significant progress in their GII innovation rankings over time, Vietnam was
first among 29 lower middle-income countries and third in Southeast Asia.
Compared to its own index in the previous year, it posted higher levels
in a number of indicators, including business sophistication, rising from 69th
to 39th place, and creative output, from 47th to 38th.
Vietnam has used the GII as an important management tool since 2017, with its
index rising from 71st place in 2014 to 59th in 2016 and 42nd last year.
This year, the Ministry of Science and Technology will focus efforts on
amending policies in financing and investing in science and technology
development and innovation projects, in particular the draft of the revised Law
on Intellectual Property./.