Results of 'Well-known Trademarks' project announced

A ceremony was held in Hanoi on November 17 to announce the results of the implementation of the ‘Well-known Trademarks’ Project by Ministry of Science and Technology (MoST), in collaboration with the International Trademark Association (INTA).

Several enterprises receive certificates recognising well-known trademarks. (Credit: VGP)

This was the last important event as part of the project which was carried out under the Memorandum of Understanding (MoU) on ‘building and developing coordination activities in the field of intellectual property’ signed by the MoST and INTA on March 24, 2015.

The project aimed to research, evaluate, collect and aggregate information and ideas from the relevant State agencies, trademark owners, enterprises and ownership representatives on the difficulties in the implementation of the current Vietnamese law provisions related to the recognition, protection and enforcement of the rights of well-known trademarks.

The project also contributes to formulating a theoretical and practical basis for the proposals of amendments and supplements to the current Vietnamese law provisions on well-known trademarks.

Deputy Chief Inspector of the MoST Nguyen Nhu Quynh said that the result of the project ‘Protecting Famous and Well-Known Trademarks in Vietnam—The Actual Situation and Toward Solutions’ is an intensive research work on well-known trademarks, which was implemented by independent researchers with contributions and consultations from domestic and international experts.

Speaking at the ceremony, Deputy Minister of Science and Technology Tran Van Tung emphasised that the recognition, protection and wide use of well-known trademarks is an urgent requirement for enterprises.

For Vietnamese businesses, this demand is associated with the affirmation of the prestige and quality of Vietnamese brands; meanwhile for foreign enterprises, well-known trademarks are associated with the guarantee of a healthy business environment, he added.

The Deputy Minister also said that the trademarks’ owners need to have specific strategies to develop their trademarks and the relevant agencies should set out drastic and forceful measures to support the owners in protecting their rights to well-known trademarks.

On the occasion, the MoST and INTA signed another MoU on the implementation of coordination activities on ‘protecting intellectual property rights in e-commerce’.

(Source: NDO)