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Wednesday, November 12, 2014

Vietnam's agricultural sector needs more IP



Only 10 % of Vietnamese farm produce has IP protection, a new report says. Data from the the National Office of Intellectual Property of Vietnam (NOIP) shows that only 10% Vietnamese farm products have trademarks registered.  They identified 1,000 farm products, for which they noted that there were 59 collective marks, 12 certification marks and 24 geographical indications registered. Very few overseas registrations are made too.

This is reflective of both Vietnam's IP development stage and a sectoral weakness. An imbalance is also why developing countries see IP as mainly for western companies. IP Komodo would like to see more partnerships with international IP holders to assist local business in their sector.




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