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Intellectual property law enforces creativity, innovation

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.
Intellectual property law enforcement not only protects enterprises butalso pushes them to create and innovate, Deputy Head of the NationalOffice of Intellectual Property (NOIP) Le Ngoc Lam said in a Ho Chi MinhCity-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 expandtheir budget for research and innovation or technological transfer,facilitating the development of technology nationwide.

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

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

However,applications from Vietnamese businesses remains low, accounting for only10 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 coupledwith poor application quality were the main contributing factors to thelow number of applications.

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

Northern Lai Chau province had the lowest number of applications withonly 2, followed by northern Bac Kan and Dien Bien provinces with 5 and9, respectively.

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

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