Vietnam makes headway on IP rankings

Vietnam got a 30 percent increase in its score on the sixth Intellectual Property (IP) Index report just released by the US Chamber of Commerce (AmCham)’s Global Innovation Policy Centre (GIPC).
Vietnam makes headway on IP rankings ảnh 1Vietnam got a 30 percent increase in its score on the sixth Intellectual Property (IP) Index report. (Source: tapchitaichinh.vn)

Hanoi (VNA) – Vietnam got a 30 percentincrease in its score on the sixth Intellectual Property (IP) Index report justreleased by the US Chamber of Commerce (AmCham)’s Global Innovation PolicyCentre (GIPC).

The country got 13.19 out of 40 points this yearcompared to 10.34 out of 35 points in the fifth edition, to rank 40th among 50 countries in the report namely “Create.”

The US, UK and EU remain atop the global IP rankings.Meanwhile, Japan and Singapore are named in the top ten.

The index reflects a fact that the majority of theeconomies are building more effective foundations for IP policy. Vietnam,Indonesia and Thailand, for example, each has long-standing programmes toenhance coordination among government agencies responsible for IP enforcement,according to the report.  

David Hirschmann, President and CEO of GIPC, said thisyear’s index demonstrates stronger global commitments to innovation andrenovation dominated by IP.

Patrick Kilbride, Vice GIPC President, said Vietnamhas made active strides towards an intensified IP framework in order to competemore fairly with other nations in Southeast Asia.

Vietnam could carry forward this pace to become aleading nation in the region in the IP sector, thus promoting innovation athome and improving its competitiveness globally, he said.

The report is a blueprint for countries seeking tobecome true knowledge-based economies through effective IP architecture. Theindex benchmarks economies using 40 indicators that benchmark activity criticalto innovation development surrounding patent, trademark, copyright and tradesecrets protection.-VNA 
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