Tags Global Competitiveness Index 2017-2018 VN's innovation strategy should focus on diffusion and adoption of new technologies Monday, Sep 13, 2021 According to the Global Competitiveness Index 2017-2018, Viet Nam ranks 55th out of 137 countries, behind Singapore (3rd), Malaysia (23rd), China (27th), and Indonesia (36th), and just above the Philippines (56th).