South-East Asia IPR SME Helpdesk

New IP law amendments and counterfeiting report in Vietnam

The International Chamber of Commerce’s Business Action to Stop Counterfeiting and Piracy initiative (BASCAP) is a business driven program focused on stopping counterfeiting. It has released its first report on IP in Vietnam. Focusing on the prevalence of fake and pirated goods, the report identifies a series of problems that cause the widespread proliferation of fakes in Vietnam. They cite a large grey economy, corruption; weak enforcement systems and poor consumer awareness. They report cites some recent developments but adds that more needs to be done.

Full story by Nick Redfearn of Rouse Magazine