New laws and revisions to existing ones promise to bring Vietnam closer to international standards of IP protection, according to Pham & Associates, but there is still a long way to go in enforcement and implementation
Vietnam has only been developing a modern intellectual property law system for the last 19 years. Over this period. a fundamental legal basis for protection of industrial property has been introduced to cover inventions. utility solutions, industrial designs, trade marks and appellations of origin. The system, however, has not touched upon the protection of trade secrets or on unfair competition measures.
Despite much attention from legislators, the Vietnamese IP law system is still developing and has numerous loop-holes. It does not yet meet the commercial requirements of a system which can genuinely stimulate intellectual creation nor the demands for fair competition as laid out in the World Trade Organization (WTO) agreement on trade--related intellectual property
