Update news IP
There were positive developments of industrial parks in Vietnam in the first five months of the year, but experts still say the country should do more to attract big investors.
Enterprises have been reluctant to cooperate with universities on commercialisation of their inventions and products because of the lack of intellectual property (IP) protection, according to the Vietnam Invention Association.
VietNamNet Bridge - While it costs VND1 million only to obtain a patent in Vietnam, millions of dollars are needed to obtain a patent overseas.
Vietnam will become a new industrial center in the world, while its products such as footwear and garments will enjoy big benefits when TPP takes effect.
Whether it’s for movies, books, music, art or software, intellectual property is seldom treated seriously in Vietnam. And in a market where copyright infringement has become popular, content providers have a hard time scratching out an existence.
VietNamNet Bridge – Instead of closing eyes to the intellectual property (IP) infringement or trying to settle disputes through conciliation, Vietnamese nowadays tend to bring the cases to court.