Vietnam became a member of the
TRIPS agreement on January 11th, 2007. Vietnam has a
commendable intellectual property (IP) framework which includes
several multilateral agreements and other relevant bilateral trade
agreements. Having regard to the pace and growth of local and
global economy, Vietnam enacted the Law on Intellectual Property
Rights in 2005. The law provides protection to major IP rights in
Vietnam: industrial property rights which include Patents, Design
and Trade Marks; Copyright and rights in plant varieties. In
addition to Intellectual Property Law of 2005, there exist other
laws that govern other issues related to IPR, such as the 2004 Law
on Competition and the 2005 Civil Code, along with precedents,
circulars and notifications by respective authorities guiding IPR
implementation in Vietnam.
