Revision of the legal framework on intellectual property to ensure compliance with the EU – Vietnam Free Trade Agreement during enforcement should focus on efficiency as violations remained rampant.
Firms, especially those of small and medium sizes, must enhance knowledge about IP under the EVFTA. (Source: VNA)
Hanoi (VNA) – Revision of the legal framework on intellectual 🌳property to ensure compliance with the EU – Vietnam Free Tra💫de Agreement (EVFTA) during enforcement should focus on efficiency as violations remained rampant.
The initial review by the Vietnam Chamber of Commerce and Industry (VCCI) found that the differences between Vietnam's jurisdiction and the EVFTA's commitments on intellectual property were amazingly minor.
Nguyen Thi Thu Trang, Director of the Centre for WTO and Economic Integration, said at a conference held on March 1 by the VCCI that general provisions and principles, and standards and enforcement of intellectual property rights were found largely compliant with the EVFTA's commitments.
She said that there were only four incompliant points, which included exclusive rights to public announcements of performers and sound/video producers; protection of 169 EU's geographical indications listed in the FTA; commitments to offset pharmaceutical patents in case of delayed licensing; and the principle about rights of people named on a work.
Trang said that revisions were recommended for incompliances to ensure the enforcement of intellectual property rights.
According to Trang, the difficulty now was to ensure the enforcement could be efficient in reality amidst the condition that violations to intellectual property remained rampant in the country.
Pham Vu Khanh Toan from Pham & Associates Law Firm said that the co-ordination between relevant ministries and organisations should be enhanced to better control the enforcement as well as balance the social, community and holders' benefits.
An expert said that firms, especially those of small and medium sizes, must enhance knowledge about intellectual property.
Vietnam's legal system on intellectual property was currently implemented in line with the Agreement of Trade-Related Aspects of Intellectual Property of the World Trade Organisation (TRIPS).-VNA
The EU-Vietnam Free Trade Agreement (EVFTA) will create ample opportunities for overseas Vietnamese enterprises in the Czech Republic as well as companies that import Vietnamese goods to the EU.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Firms, especially those of small and medium sizes, must enhance knowledge about IP under the EVFTA. (Source: VNA)
