22 Oct 2019
VIETNAM: Industrial Designs Get Enhanced IP Protection as Accession to Hague Agreement Looms
Overseas companies are set to benefit from enhanced industrial design intellectual property (IP) protection as the country becomes a signatory to the Hague Agreement (Geneva Act of 1999), an international treaty guaranteeing the rights of copyright holders.
Administered by the Geneva-based World Intellectual Property Organisation (WIPO), the agreement allows a company or individual in a member country to register an industrial design in all 71 signatory nations. A company/individual can, in fact, register up to 100 industrial designs across the in all member countries by filing a single application and paying a single fee.
Although Vietnam’s accession will not formally take place until 30 December 2019, the government has announced the treaty’s provisions are to be viewed as already in force with regard to international design applications relevant to Vietnam and international design applications originating from Vietnam.
In addition, the country is now obliged to amend certain provisions of its Law on Intellectual Property in order to ensure compliancy with the Hague Agreement, as well as with the IP provisions of two of the country’s recently signed free trade agreements (FTAs) - the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). The relevant amendments are expected to be submitted to the National Assembly for approval sometime in 2021.