10/04/2015 09:42 GMT+7 Email Print Like 0

Vietnam, React cooperate in combating counterfeit products

Hanoi, April 9 (VNA)- The Department of Market Management under the Ministry of Industry and Trade and Cooperative Vereniging SNB–REACT U.A (React), an anti-counterfeit network in Vietnam, have signed a memorandum of understanding (MoU) on cooperation in combating fake goods and enforcing intellectual property rights.

According to the MoU, inked in Hanoi on April 8, the two sides will works together to build action programmes and inspection plans for various commodities and fields, contributing to increasing the effectiveness of fake goods prevention.

Representatives from the Department were instructed to distinguish between genuine and fake goods, useful for Vietnamese market - managing forces in enforcing intellectual property rights and tackling counterfeit products.

Do Thanh Lam, Vice Director of the Department said market-management forces nationwide inspected and settled over 100,000 cases of legal violations, including over 10,000 cases concerning fake goods and intellectual property right infringement.

However, he noted that the fight against counterfeit goods is still facing difficulties and requires a stronger effort from and joint collaboration of all sectors and legal enforcement forces.

React is a non-profit organisation with over 20 years fighting counterfeit trade. With over 200 members covering all industry areas—including fashion and merchandising, tobacco, electronics and mobile phones, pharmaceuticals, football and toys—React has experience in dealing with almost all instances of goods infringement.

React has a large international network with strategically placed offices and partners to efficiently fight the global trade in counterfeit goods and protect the rights of its members.
VNA/VNP