Vietnam has retained the 44th place among the 139 economies in the Global Innovation Index (GII) 2025, ranking third in ASEAN after Singapore and Malaysia. Key highlights in GII 2025According to the report, Vietnam, together with India, has set a record of posting an innovation index surpassing its level of development for 15 consecutive years. Among lower-middle-income countries, Vietnam is second only to India while maintaining its global position of 44th at a time when many regional economies are slowing down. Vietnam has also localised the index into the Provincial Innovation Index (PII), enabling localities to self-assess, foster competition, and connect intellectual property policies with innovation. Minister of Science and Technology Nguyen Manh Hung reaffirmed Vietnam’s goal of breaking into the global top 30 in innovation within the next five to ten years.