The Government has adopted an intellectual property strategy with the goal to further improve Việt Nam's global innovation index (GII).—  Photo cafef.vn

The Government has adopted an intellectual property strategy with the goal to further improve Việt Nam's global innovation index (GII), the Vietnam Government Portal reported.

Under the strategy, the Government expects the number of registered inventions to increase by 16-18 per cent annually.

The number of applications to register industrial designs is expected to increase by 6-8 per cent on average per year and applications for marks are expected to grow by 8-10 per cent.

The total revenues of cultural industries are expected to contribute around 7 per cent to the national gross domestic product by 2030, according to the strategy.

(Source: VNS)