On June 12, 2018, Vietnam passed a new Law on Competition that will take effect on July 1, 2019, replacing the Law on Competition of 2004. The new law brings about several changes affecting intellectual property. Notably, it eliminates many of the discrepancies between the current 2004 Competition Law and the Intellectual Property Law in dealing with IP-related unfair competition.
In the EU, an estimated 23 million small and medium-sized enterprises (SMEs) account for approximately 70% of EU jobs and GDP, and their flexibility is seen as a major motor of future innovation and job creation. The innovation and growth potential of European SMEs is pivotal for the prosperity of the EU as a whole. However, in the global marketplace, it is becoming increasingly difficult for SMEs to develop and maintain a competitive advantage. Great business ideas need access to an array of business tools and support to remain one step ahead of the competition.