#17: INTELLECTUAL PROPERTY: How important is it for investors in Vietnam?
Vietnam is the EU’s 2nd largest trading partner and the German largest one among the 10 ASEAN nations. Conversely, The EU is among the Vietnam’s top 4 largest trading partners and Germany is the most important partner country in the EU. In term of FDI, the largest sector of investment by the European companies is industrial processing and manufacturing. The EVFTA - EU-Vietnam Free Trade Agreement officially entered into force in August 2020 and cover tariff as well as non-tariff barriers to trade and other trade related aspects including public procurement, regulatory issues, competition, services, intellectual property rights and sustainable development. For Vietnam, the tariff elimination will benefit key export industries. On the other hand, European companies will also have better access to Vietnam’s emerging and potential market with a population of nearly 100 million. However, the Vietnamese market is now a level playing field and its partners are from very high-developed countries, which requires Vietnam to play to a higher standard. To that end, there are many changes Vietnam is expected to make, and to improve its intellectual property rights (IPR) system is a key part. IPR protection is indeed very important to EU companies and they all have a high demand for IPR protection and would expect Vietnam’s IPR law and practice to help enforce their rights effectively. >>Therefore, we have Mr. Benoît Tardy, IP Business Advisor and Ms. Nora Bihari, the Project Manager of South-East Asia IP SME HELPDESK and Dr. Torsten Seeger of the ConsultToSee, as our guests today, sharing their experiences and best practices in Vietnam, in order to inform you the overview of Vietnam’s IP and to help you well prepared in doing business in Vietnam. Further information on South-East Asia IP SME Helpdesk:https://intellectual-property-helpdesk.ec.europa.eu/regional-helpdesks/south-east-asia-ip-sme-helpdesk_enConsultToSeehttp://consultosee.com/en/