Small- and medium-sized enterprises should pay more attention to Intellectual Property protection, said experts at a workshop in Ha Noi on March 10, adding that this would help enhance their prestige and competitive edge in the country’s integration process.
The workshop, which was jointly held by the Viet Nam Chamber of Commerce and Industry and the US Embassy, pointed out that local small- and medium-sized enterprises failed to realise economic benefits from IP development and protection, resulting in poor investment in research and development activities.
The US Commerce Department’s regional IP officer for ASEAN, Jennie Ness, stressed that IP protection will help businesses avoid unexpected lawsuits.
Lawyer Thomas Treutler from Tilleke & Treutler said that enterprises would have better access to financial support or loans if they have exclusive IP rights, especially patents.
The Vietnamese government is taking a series of measures to change the situation, including a 2005-2010 programme aimed at improving businesses’ awareness on IP and helping them develop, protect and exploit their IP.
Viet Nam already put in place a system of legal documents on IP protection in an effort to implement its commitments regarding Intellectual Property protection for software.