15/04/2015 09:37 GMT+7 Email Print Like 0

Intellectual property law enforces creativity, innovation

Ho Chi Minh City, April 14 (VNA) – Intellectual property law enforcement not only protects enterprises but also pushes them to create and innovate, Deputy Head of the National Office of Intellectual Property (NOIP) Le Ngoc Lam said in a Ho Chi Minh City-based seminar on April 14.

The seminar was organised by the NOIP on the occasion of World Intellectual Property Day (April 26).

According to Lam, it is vital for Vietnamese businesses to expand their budget for research and innovation or technological transfer, facilitating the development of technology nationwide.

The NOIP received over 38,700 applications for trademark protection registration last year. Over 29,000 patents were granted, nearly 1,270 of which were for inventions, 86 for utility solutions and over 1,630 for industrial designs.

The number of industrial property registration applications has grown by 10 percent annually, reflecting increasing public awareness of the significance of intellectual property rights.

However, applications from Vietnamese businesses remains low, accounting for only 10 percent and only 3 percent received patents, noted Nguyen Van Bay, Director of the Centre for Research and Training at the NOIP.

Bay said the lack of business acknowledgement of the issue coupled with poor application quality were the main contributing factors to the low number of applications.

The number of applications also varied geographically, with Ho Chi Minh City leading the way with 12,000 applications followed by Hanoi with 8,000.

Northern Lai Chau province had the lowest number of applications with only 2, followed by northern Bac Kan and Dien Bien provinces with 5 and 9, respectively.

Seminar participants agreed that intellectual property violations are still rampant.
VNA/VNP