IP law to be amended to comply with FTAs (30 June 2020)

The Law on Intellectual Property will be revised to ensure compliance with the EVFTA, according to the Ministry of Industry and Trade.

As time was needed to ensure the law was compliant with commitments in the EVFTA and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the amendments would be submitted for discussion at the National Assembly's second meeting of 2021.

Việt Nam has three years to amend the legal framework on intellectual property since the trade deals come into force.

The ministry said the draft about obligations following the EVFTA would also be discussed at the National Assembly.

Among Việt Nam's FTAs, the EVFTA is one of two trade deals with high levels of commitments in terms of intellectual property.

(Source: VNS)