Investment in R&D is still low in Vietnam

This means that below 6% of enterprises invest in R&D. This number is low given that R&D is a very important activity for enterprises worldwide.

According to experts, if Vietnamese enterprises only care about lowering costs and ignore efforts to put more added value in the products via R&D research, it will be very difficult for them to participate in the global added value chain.

South Korea is a good example in effective R&D development in the region. Each year, South Korea spends more than 4.3% of its GDP in R&D. Israel spends 4% and Japan spends almost 4%.