The Vietnamese government has just released another draft amendment of its 2005 Law on Intellectual Property (IP Law) following the recent signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trading bloc. The 2005 IP Law was amended in 2009 after Vietnam had become a member of WTO in 2007; and it was later amended in 2019 after Vietnam signed big trade pacts, such as the European Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The 2020 draft amendment includes comprehensive revision and/or supplement of 80 articles (including 13 new articles added to the current IP Law), covering the following:
In the key takeaways section of the alert in the attached link, we addressed in more detail each of the above points of the draft amendment.
As the 2020 draft amendment of IP Law has been out for public consultation, IP organizations and private practices are collecting opinions and contributions to submit to the government. Please let us know if you have any inquiries regarding the draft amendment, and stay tuned for our next articles with detailed comments on significant proposed changes to the draft law, which will potentially impact IPR holders.