An intellectual property strategy (“IPS”) has just been approved by the Prime Minister pursuant to Decision No. 1068/QD-TTg on August 22, 2019. Accordingly, by 2030 Vietnam is expected to  be among the leading ASEAN countries in terms of innovation, protection and exercise of intellectual property rights (“IPR”).

This IPS aims to: (i) establish IPR and rights to plant varieties, ensuring quick, clear, fair and timely response to businesses and society requirements; (ii) improve the efficiency of intellectual property (“IP”) law enforcement, and concurrently reducing the infringement of IPR; (iii) increase new IPs of Vietnamese individuals and organizations both qualitatively and quantitatively, improving Vietnam’s IP indices in the Global Innovation Index; and (iv) improve the efficiency of IPR and increase the number of high-IP products such as focusing on and promoting the exploitation and commercialization of IP; developing a number of industries with high levels of IP use, especially prioritised industries and competitive advantages, significantly increasing their contribution to GDP growth; geographical indications, genetic resources, traditional knowledge, technical secrets and folklore which are protected and effectively exploited in production and business activities;  and developing cultural industries based on copyright and related rights to create more diversified and high quality innovative  products.

To achieve the above objectives, the IPS has set out 9 tasks and solutions, namely,  (1) completing policies and laws on IP; (2) improving the effectiveness and efficiency of State management of IP; (3) focusing on promoting and improving the effectiveness of IPR enforcement; (4) promoting activities to create IP; (5) encouraging and improving the efficiency of IP exploitation; (6) developing IP support activities; (7) strengthening human resources for IP activities; (8) forming a culture of IP in society; and (9) proactively boosting cooperation and international integration on IP.

In particular, there is the creation of innovation centers with venture capital investment forms to incubate IP from concept, research and development of IP to pilot production, formation of start-up businesses, assisting startups in perfecting technology, creating products and services with high added value.

This Decision encloses an Appendix with a list of priority tasks, projects for the implementation of IPS 2030 and for the period to 2025.


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