Honouring Traditions, Embracing Growth
Honouring Traditions
Embracing Growth
The fourth wave of COVID-19 has heavily impacted the Vietnam economy, resulting in a 2021 third-quarter GDP growth rate of -6.17%; the lowest in the last 20 years. Local businesses have had to employ resilience and resourcefulness in their response to the challenges and opportunities presented by the disruption to manufacturing and the global supply chain.
Through an accelerated vaccination effort, Vietnam has finally managed to re-emerge from lockdown life, in line with many other countries around the world. And while it remains unclear exactly when the pandemic will finally be over and life will return to normal, it is widely accepted that international trade will gradually recover and Vietnamese businesses will enjoy a raft of new opportunities.
To provide a panoramic and practical perspective, as well as a vision for the future, Forbes Vietnam’s Business Forum 2021, under the theme The Road Ahead, will gather policymakers, economic experts and C-level business leaders from local and international corporations to discuss the business outlook, opportunities and challenges in the coming months. They will share strategies for sustainable and balanced development through this upheaval and beyond.
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Intellectual property (IP) enforcement remains a business concern in Vietnam. The inadequacy of IP enforcement information and resulting lack of transparency is a barrier for foreign investors. This Manual on IP enforcement in Vietnam has been developed for businesses operating or planning to expand in Vietnam. The Manual is published by the British Business Group Vietnam and aims to provide foreign businesses with a picture of how the IP enforcement system works. It includes details of the laws and regulations as well as the IP enforcement procedures in Vietnam. It uses a definition of enforcement that parallels the World Trade Organisation’s Trade Related Aspects of Intellectual Property (TRIPS) Agreement. This means it focuses on trade mark and copyright enforcement procedures – which in common parlance means trade mark counterfeiting and copyright piracy. The types of enforcement systems most commonly used to deal with these two issues are administrative systems (including customs), the criminal and the civil courts. Other forms of IP exist (e.g. patents, designs) but their enforcement is not as straightforward and therefore, is not subject to the scope of this Manual.
FSIP has a parallel focus on Gender and Social Inclusion, so it considers how IP and IP enforcement interacts with this. This Manual includes analysis and data on this relatively novel issue.
The Manual is up to date as of April 30th, 2020. The Manual is for informational purposes only so users of this Manual should take local legal advice on specific cases.
Please kindly find the full manual here
Read moreArticle published on Vietnam Investment Review
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Vietnam has gained remarkable achievements in economic development in 2020, although this was a turbulent year for the entire world.
Read moreAt the start of the New Year it is both time to reflect and look to see what we can expect in the year ahead.
We are all well aware of the Government’s excellent response to unexpected Covid-19 pandemic, having one of the lowest number of cases, as a percentage of population, and one of the lowest fatalities per number of cases. I believe Vietnamese and foreigners alike are grateful to the authorities for the contact tracing and quarantine requirements, which have been instrumental in containing community spread.
Read moreVietnamese culture has always placed high value on education, which is the reason why Vietnamese parents are willing to make education a priority in their expenses. A survey by the National Centre for Socio-Economic Information and Forecast under the Ministry of Planning and Investment in the 2015-2016 period shows that spending on education accounts for an average of 34.7 per cent of total household spending.
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