IP rights gain growing traction in Vietnam
The development of intellectual property (IP) rights has become an effective tool to help Vietnamese firms integrate in the global marketplace by exploiting their advantages and enhancing competitiveness.
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The development of intellectual property (IP) rights has become an effective tool to help Vietnamese firms integrate in the global marketplace by exploiting their advantages and enhancing competitiveness.
The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.
Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022.
The UK-Vietnam Free Trade Agreement (UKVFTA) officially came into force on May 1, 2021. The two countries have seen bilateral trade growth despite the COVID-19 pandemic, and the UK is forecast to remain a promising export market for Vietnamese goods.
Green trade with the EU will benefit Vietnam. In the opinion of economists, however, both enterprises and government agencies must make a sustained effort to adopt green trade standards.
Trade promotion has significantly contributed to Vietnam’s export achievements. Vietnam Economic News’ Viet Nga spoke with Vu Ba Phu, Head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) about the agency’s work.
The EU-Vietnam Free Trade Agreement (EVFTA), in effect since August 1, 2020, is the EU’s most ambitious trade pact with a developing country, stipulating the removal of 99 percent of tariff lines within 10 years.