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Vietnamese firms get support to protect intellectual property abroad

Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.
Vietnamese firms get support to protect intellectual property abroad ảnh 1Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise. (Photo: hanoimoi.com.vn)
Hanoi (VNA) - Registrationfor the protection of intellectual property rights of Vietnamese enterprises abroadis on the rise, contributing significantly to the process of enteringforeign markets as well as promoting products.

Intellectual property plays an increasingly important role as a foundation to help Vietnamese businesses become more confident in international trade and investment activities.

According to statistics of the Intellectual Property Officeof Vietnam under the Ministry of Science and Technology, in recent years, thenumber of applications related to the registration of international marks fromVietnam through the Madrid System of International Registration for Marks iscontinuously increasing.

However, Vietnamese enterprises nationwide are still quiteconfused and stuck in the process of preparing, submitting and pursuingapplications for registration of trademarks and geographical indicationsabroad.

Director of the Hanoi Department of Science and TechnologyNguyen Hong Son said that the products after being protected have more added valuethan before, helping to change awareness of farming habits, and applicationof scientific and technological advances in production.

In order to implement Resolution 48/NQ-CP dated May 6, 2021 onthe regular Government meeting in April 2021, a coordination plan between theMinistry of Science and Technology, the Ministry of Agriculture and RuralDevelopment, and the Ministry of Industry and Trade on supporting theprotection of trademarks and geographical indications for potential exportproducts of Vietnam abroad has been signed.

This is a favourable condition for Vietnamese enterprises toparticipate in foreign markets and protect trademarks and geographicalindicators of Vietnamese products./.
VNA
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