Investments in science and technology have strengthened Vietnam's position in the global ranking in terms of technological innovation, which has paved the way for the sustainable development of the country's startup ecosystem.
Vietnam's innovation index in recent years has been improving. In fact, it leads the group of countries with low average incomes. This is because of the country's efforts to deploy synchronous measures to improve its business environment, national competitiveness, and innovative capacity. Vietnamese startups have been attracting domestic and foreign investment in terms of science and innovative technology.