Vietnam Strengthens Intellectual Property Protection in Economic Integration | Business

Illustrative image (Photo: VNA)

Hanoi (VNA) – A seminar to launch a report on economic reforms for effective intellectual property protection in the context of economic integration and digital transformation in Vietnam, was held in Hanoi on March 24.

The event was organized by the Central Institute of Economic Management (CIEM) and the Australia-Vietnam Economic Reform Program (Aus4reform).

the report updates regulations on intellectual property protection in Vietnam; reviews and analyzes intellectual property commitments in a number of Vietnam’s international treaties, particularly in the new generation free trade agreements; and recommends policies to modify and supplement the Intellectual Property Law.

It also focuses on the analysis of requirements to complete regulations on protection of intellectual property in Vietnam to support digital transformation; difficulties in modifying regulations on the protection of intellectual property in accordance with international commitments; and propose directions for economic innovation to strengthen the protection of intellectual property in the country.

Vietnam strengthens intellectual property protection in economic integration hinh anh 2Participants in the seminar (Photo: Ministry of Planning and Investment)

In her opening speech, CIEM Director Tran Thi Hong Minh pointed out that amending and supplementing intellectual property laws is not only necessary for international integration but also for the country’s digital transformation.

Nguyen Anh Duong, head of the general research department at CIEM, said Vietnam aims to be among the ASEAN group of leading countries in terms of creativity, protection and exploitation of intellectual property rights, here 2030.

The country is also striving to increase both the quantity and quality of new intellectual property from Vietnamese individuals and organizations and the number of products with a high proportion of intellectual property; and significantly improve Vietnam’s indexes on intellectual property in the global innovation index and the efficiency of the use of intellectual property rights.

According to the report, Vietnam should pay attention to improving the awareness of intellectual property protection for companies, organizations and individuals; and the application of the online dispute resolution mechanism in the civil treatment of disputes related to intellectual property rights for companies and individuals./.


About Michael G. Walter

Check Also

OIC to play effective role in economic integration of Islamic world: Jailani

Indonesian Deputy Minister for Foreign Affairs, Asia-Pacific and Africa, Abdul Kadir Jailani, said on Thursday …