Government to increase awareness of intellectual property right protection

Only 20 percent of Vietnam’s small and medium-sized firms have registered intellectual property rights because business owners’ awareness of intellectual property laws is still limited.

Tran Huu Nam, deputy director of the National Office of Intellectual Property of Vietnam, said that without registered intellectual property rights, businesses were at risk of losing their trademarks and proprietary rights over industrial designs and new inventions.

Intellectual property laws are designed to stop the counterfeiting or unauthorized copying of products and services, Nam said. Seeking intellectual property protection is considered essential for Vietnamese businesses since Vietnam joined the World Trade Organization last year.

The government will promote the importance of registering intellectual property rights, especially to small and medium-sized businesses, and step up the enforcement of Vietnam’s intellectual property right laws.

By Ai Van – Translated by Thuy Doan

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