Vietnam is moving fast from a manufacturing base to Southeast Asia’s rising innovation star. In 2024, it ranked 44th in the Global Innovation Index, backed by growing R&D activity, forward-looking policies and a rapidly evolving intellectual property landscape.
A major push is coming from bold government support. Under Decree 182, high-tech investors in artificial intelligence and semiconductors can secure up to 50 percent of their initial costs through state funding, if they meet strict R&D thresholds and commit at least VND 3 trillion to R&D. With a national roadmap in place, Vietnam is laying the foundation for its first chip fabrication plant by 2030.
The world is taking notice. Nvidia signed an agreement to build AI R&D centres in Vietnam while Qualcomm launched its research centre in 2025, focused on generative AI. At the same time, Vietnam has adopted the latest global patent classification standards (IPC 2025.01) effective from January 01, 2025 and opened the Australia–Vietnam Strategic Technology Centre in June, 2025 to boost cross-border collaboration in digital innovation.
This report spotlights the top corporate innovators of 2024, tracks growth since 2023, and reveals the technology areas shaping Vietnam’s innovation future.
Top Leading Vietnamese Companies in 2024
Rank | Company | Patent Published in 2024 | Patent Published in 2023 | YoY Change(%) |
---|---|---|---|---|
Thien Long Group | 93 | 34 | 1.735294 | |
Minh Long | 36 | 40 | -0.1 | |
Vang Bac A Quy Phu Nhuan | 26 | 7 | 2.714286 | |
Vines Energy Solutions | 24 | – | – | |
Hoang Xanh Group | 23 | 15 | 0.533333 | |
Thanh Phuc Window | 22 | 39 | -0.435897 | |
An Vinh Phat | 21 | 9 | 1.714286 | |
Binh Tien Bien Hoa | 21 | 12 | 1.285714 | |
Duy Tan Plastic Products | 21 | 9 | 1.714286 | |
Vietnam Science and Technology Company | 20 | 32 | -0.375 | |
Viglacera Trading Company | 20 | 56 | -0.642857 | |
Masan Consumer | 19 | 7 | 1.714286 | |
Con Co Vang | 18 | 3 | 2.142857 | |
Hung Phat Production and Investment | 17 | 30 | -0.433333 | |
Karofi R&D | 16 | 14 | 0.142857 | |
Kem Chau Doc Saigon | 16 | 20 | -0.2 | |
Thaco Auto | 16 | – | – | |
Dai Phong Trading & Services | 14 | 18 | -0.222222 | |
Thanh Phuc Export-Import | 14 | 3 | 1.571429 | |
Hucafood | 13 | – | – | |
Dai Duong Ideas | 12 | – | – | |
Toan Cau Beverage | 12 | 3 | 1.285714 | |
Vitadairy Vietnam | 12 | 4 | 1.142857 | |
Tan Hoa Thinh Long An | 11 | – | – | |
Vinh Tuong Industry | 11 | 13 | -0.153846 | |
Binh Minh Food Corporation | 10 | 2 | 1.142857 | |
Lix Detergent | 10 | 3 | 1 | |
Saigon Beer-Alcohol-Beverage Corporation | 10 | 5 | 0.714286 | |
Thanh An Limited Liability Company | 10 | 8 | 0.285714 | |
Thu Hang Food Group | 10 | – | – |