Knowledge economy: analytical framework and policy implications for Vietnam

Abstract

The paper presents an analytical framework and indicators measuring progress of the knowledge economy according to the knowledge assessment methodology introduced by the World Bank. Estimations of Vietnam’s progress to the knowledge economy show that Vietnam has made great efforts to build the knowledge economy, especially by developing information and communication technologies. However, the gap between Vietnam’s knowledge economy and other economies in Asia as well as the world is still wide, especially in such pillars as institutional regime, education, and development of innovation. Vietnam, therefore, should adopt uniform policies on an overall and profound reform in education and technology and in administrative machinery to accelerate the development of knowledge economy.