Over the past decade, Vietnam's R&D expenditure has demonstrated a stable upward trend relative to GDP, rising from 0.3% in 2013 to 0.43% in 2023. The trend's notable early years show a significant increase, exemplified by a 33.37% year-on-year variation in 2013 and an 8.69% rise by 2015. However, growth decelerated over time, with recent years, such as 2022 and 2023, only showing minimal increases of 0.7% and 0.56% year-on-year, respectively. The last five-year CAGR up to 2023 stands at 0.61%, marking a period of relative stability.

Future trends to watch for:

Continued stable growth in R&D expenditure relative to GDP, projected at around 0.44% by 2028.
Potential impacts of government policy reforms or economic changes on R&D investments.
Emerging sectors such as technology and renewable energy that could drive higher R&D spending.