Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM MAKES IT INTO TOP 50 ECONOMIES IN GLOBAL INNOVATION INDEX 2021
Vietnam has made a jump into the Top 50 in the latest global innovation ranking of 132 economies with a potential to change the global innovation landscape.
The newest edition of the Global Innovation Index (GII) ranked Vietnam 44th in the world, which is a considerable improvement on its average rank of 68th during 2013-2015. The country continues to take the lead in the lower-middle-income group since the previous year.
Vietnam continues to score above the lower-middle-income group average in all categories and scores even above the average of the upper middle-income group in market and business sophistication. Specifically, Vietnam is ranked after Thailand and ahead of Russia in the global ranking, as well as ahead of India in the lower-middle-income group with a score of 37.
The 2021 GII edition also reveals thatVietnam is one of four economies included in the research (the others being Turkey, India, and the Philippines) that are systematically catching up. Beyond China, these four particularly large economies together have the potential to change the global innovation landscape for good.
Vietnam holds the record for outperforming their development level in innovation, punching above its weight for the 11th year in a row.
The 2021 edition of GII presents the latest global innovation ranking of 132 economies, relying on 81 different indicators. While tracking the most recent global innovation trends in the new Global Innovation Tracker, this edition also focuses on the impact of the COVID-19 pandemic on innovation.
The GII's overall formula for measuring an economy's innovative capacity and output provides clarity for decision makers in government, business, and elsewhere as they look forward to creating policies that enable their people to invent and create more efficiently.
Vietnam has been featured in the ranking since its inception in 2007, rapidly improving since 2013 after spending several years languishing slightly above the 70th position.
Source: VIR
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
VIETNAM ECONOMY INVESTMENT
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
BANKING / FINANCE / INSURANCE / TAX
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
VIETNAM ECONOMY INVESTMENT
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
Events Sponsors
