What are tasks to improve efficiency in management, operation and development of intellectual property (IP) assets in Vietnam?

What are tasks to improve efficiency in management, operation and development of intellectual property (IP) assets in Vietnam?

Pursuant to Article 7 of the Circular 75/2021/TT-BTC stipulating tasks to improve efficiency in management, operation and development of intellectual property (IP) assets in Vietnam as follows:

1. Support details:

a) Building and developing a system for management of geographical indications, certification trademarks, collective trademarks and products of OCOP program associated with registration for production unit code (PUC), food safety, quality certification and verification and tracing of origin of protected products;

b) Using and developing geographical indications, certification trademarks, collective trademarks and products of OCOP program towards cooperation, linkage between production and consumption of protected products in value chains. Introducing, promoting and developing trade promotion activities with the aims of using and developing values of IP assets;

c) Managing and using signs of national geographical indications, and providing support for use of signs of national geographical indications domestically and internationally;

d) Using patented inventions and utility solutions of Vietnam, and foreign inventions unpatented or covered by expired patents in Vietnam;

dd) Managing IP assets for science and technology enterprises and organizations. Providing support for valuation and audit of IP assets, especially inventions, trade names and trademarks.

2. The support tasks specified in Clause 1 of this Article shall be deemed as science and technology tasks in accordance with regulations of the Ministry of Science and Technology. Estimates of costs of performing such tasks shall be prepared in accordance with the Joint Circular No. 55/2015/TTLT-BTC-BKHCN and relevant regulations on policies on and levels of state budget expenditures.

What are tasks to promote and enhance efficiency in exercise of intellectual property rights (IPR) and actions against IPR infringement in Vietnam?

Pursuant to Article 8 of the Circular 75/2021/TT-BTC stipulating tasks to promote and enhance efficiency in exercise of intellectual property rights (IPR) and actions against IPR infringement in Vietnam as follows:

1. Subsidies for implementing protective measures and improving efficiency in exercise of IPR: Comply with Point a and Point b Clause 1 Article 5 of this Circular.

2. Subsidies for organizing exhibitions and trade shows, identifying products with protected IPR and IPR-infringing products;

Funding from state budget shall be used for providing subsidies on costs of rental of facilities (including electricity, water bills, cleaning and security guard service charges), costs of transportation of equipment, design and assembly of exhibition stands, costs of general activities of the event organizing committee (including costs incurred from overall decoration, opening ceremony, closing ceremony, handouts and other related costs), costs of hiring experts helping in determining, selecting and evaluating products with protected IPR and IPR-infringing products. The maximum amount of subsidies shall be VND 10 million/each participant.

What are tasks to develop and improve capacity of intermediaries and holders of IPR in Vietnam?

Pursuant to Article 9 of the Circular 75/2021/TT-BTC stipulating tasks to develop and improve capacity of intermediaries and holders of IPR in Vietnam as follows:

1. Support details:

a) Improving capacity of intermediaries engaging in control and management of products with protected geographical indications, certification trademarks or collective trademarks;

b) Improving capacity and operational efficiency of entities managing and using geographical indications, certification trademarks, collective trademarks and plant varieties; entities representing, managing and those holding copyright or related rights;

c) Developing IP assessment services, IP asset management and development services for enterprises, research institutions and higher education institutions.

2. The support tasks specified in Clause 1 of this Article shall be deemed as science and technology tasks in accordance with regulations of the Ministry of Science and Technology. Estimates of costs of performing such tasks shall be prepared in accordance with the Joint Circular No. 55/2015/TTLT-BTC-BKHCN and relevant regulations on policies on and levels of state budget expenditures.

Best regards!