Support for businesses in innovation and digital transformation

The government has issued preferential policies to support businesses to innovate and catch up with development trends, while the Ministry of Planning and Investment is developing a program to support digital transformation at enterprises, cooperatives, and household businesses in the 2021-2025 period. In the Global Innovation Index 2021, Vietnam ranks 44th out of 132 countries and territories, leading the group of 34 low middle-income countries.