Tuesday, January 16, 2018

Intellectual property key for firms

Businesses may be able to improve earnings and market values if they are able to develop and use intellectual property in efficient ways, officials said at a seminar on Tuesday. — Photo sohuutritue.net.vn

HÀ NỘI — Businesses may be able to improve earnings and market values if they are able to develop and use intellectual property in efficient ways, officials said at a seminar on Tuesday.

According to Mai Hà, chairman of the Việt Nam Intellectual Property Association, Vietnamese businesses need to consider measures to protect, manage and implement their intellectual property rights.

He said that those actions would help companies perform at the best possible level and avoid costly conflicts and lawsuits regarding intellectual property rights.

When a business has a good policy to protect its intellectual property, it would have comparative advantages over other players in the market, he added.

In addition, the company would be able to strengthen its position in the market place, minimise the chance of competitors copying its intellectual assets and have the right to ask for compensation if competitors violate the firm’s intellectual property rights, he said.

Valuable intellectual properties would also help improve the business value for the company in the eye of investors and financial institutions, Hà said, adding that the company may increase its earnings by selling, merchandising and commercialising its intellectual assets.

The Việt Nam Chamber of Commerce and Industry’s general secretary Phạm Thị Thu Hằng said that society and the business community have misjudged the role of intellectual property rights in terms of economic growth.

Local companies must be aware that intellectual property is a non-physical asset, which can generate much higher value than all combined physical assets, in current socio-economic development, she said.

Especially, when Việt Nam integrates more deeply in the international community, the role of intellectual property has become more important in all business activities from production to distribution, Hằng added.

Sharing a similar view, Đinh Hữu Phí, general director of the National Office of Intellectual Property, said that intellectual rights are a tool to raise the competitiveness of local companies and the national economy as it is one of the most important internal qualities to determine sustainable economic growth.

Therefore, Vietnamese companies needs to use their intellectual property rights in the most effective way to improve their value and position in the market, he said.

They should be prepared to face and resolve challenges and use solutions to maximise and protect the use of intellectual rights, Phí said, adding that they should acknowledge intelligence as a highly valuable asset for development.

The seminar was organised by the Việt Nam Chamber of Commerce and Industry, drawing significant attention from the business community, associations, economists and the media.

Source VNS

Increasing the innovation and creation capacity in universities and research institutes through a “Hub and Spoke” structure

In the framework of the visit of the World Intellectual Property Organization (WIPO) Director General Francis Gurry in Hanoi from March 21st to March 23rd 2017, a number of events were held. One of these activities is the seminar on “Increasing the innovation and creation capacity in universities and research institutes through a “Hub and Spoke” structure” that was taken place at the headquarter of the Ministry of Science and Technology.

This is a project of the Regional Bureau of Asia and the Pacific, Development Sector, WIPO to coordinate the various inputs of the different sectors of the organization to support technology and innovation support centers (TISC), WIPO GREEN and WIPO Re:Search.
The project aims at increasing the capacity of developing and least-developed countries in technology development, management and commercialization through a coordinated capacity-building program on IP and related competencies for an organized networked community of stakeholders. 
In particular, through national projects, the project aims at:
1. Supporting universities and research institutions by strengthening their IP and other related competencies in the area of technology development, management and commercialization using appropriate tools, skills, knowledge;  
2. Strengthening university-industry collaboration through linkages, partnerships, collaboration, interactions and transactions for technology commercialization; 
3. Establish a networked community of technology professionals with the IP and other related skills and knowledge.

At present, Thailand, Philippines, Malaysia and Sri Lanka has started this Project.

WIPO DG, Mr. Francis Gurry and Minister of Science and Technology, Mr. Chu Ngoc Anh at the Openning Ceremony

A seminar on “Inovation – Driving force for sustainable development” was also held at the same day.

Source vipri.gov.vn

WIPO helps Vietnam build national strategy on intellectual property

The Ministry of Science and Technology (MOST) and the World Intellectual Property Organization (WIPO) on March 22 signed a Memorandum of Understanding (MoU) on cooperation in building a national strategy on intellectual property for Vietnam.

The Signing Ceremony of the MoU between MOST and WIPO on cooperation in building a national strategy on intellectual property for Vietnam

With the MoU, an official cooperation mechanism between MOST and WIPO is created to develop the strategy to solve the country’s specific demands and priorities in the long, middle and short terms.
With support of the world’s leading experts on intellectual property, Vietnamese relevant agencies will formulate a national strategy on intellectual property, contributing significantly to the nation’s socio-economic development, stressed MOST Deputy Minister Tran Viet Thanh. 
Under the MoU, WIPO and Vietnamese experts will work together to discuss the real situation of intellectual property, develop a strategic orientation as well as completing a draft strategy to submit to the Vietnamese Government./.

Source: khoahocphattrien.vn

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