The fact that some countries were able to upgrade their national ranking because of technology application is an inspiration for developing countries like Vietnam. South Korea is recognized as the most innovative country in the world, a significant achievement if noting that the country had been a Japanese colony until the first half of the 20th century. South Korea tops Bloomberg’s 2021 Innovation Index, and ranks 10th in WIPO (World Intellectual Property Organization), INSEAD and Cornell University’s 2020 Global Innovation Index. Both indexes highlight South Korea's outstanding achievements in research and development (R&D) intensity, an index based on the government’s investment in R&D and industry. The high R&D intensity makes South Korea a global leader in information and communication technology. Excellent strategy These developed countries which jumped in the world ranking followed excellent strategies and had a long term vision. Minister of … [Read more...] about Improving Vietnam’s rankings – is it possible?