Strengthening the relationship between Singapore and VietnamPaul - AAA IPRIGHT
Today Vietnam Deputy Prime Minister and Foreign Minister Pham Binh Minh’s official visit to Singapore to strengthen the cooperative and strategic partnership between the two countries. Namely, he attended the Vietnam Culture Day in Singapore to mark 45th anniversary of the diplomatic relations which illustrate the joint efforts in enhancing mutual understanding and cultural exchange between Singapore and Vietnam. AAA IPRIGHT also have joined the cultural event today.
Singapore has become Vietnam’s most important economic partner in the Association of Southeast Asian Nations (ASEAN) with more than 2,000 investment projects worth 43 billion USD, and two-way trade reaching 8.3 billion USD in 2017. -VNA. Start-up in Vietnam is moving to Singapore and consider Singapore as a very good business working environment.
By another hand, Vietnam has become the very important market for Singaporean investors. By this time, Singapore is among the largest investors in Vietnam. To attract more investment from Singapore in particular and investment from other developed countries, Vietnam need to advance their intellectual property law including Vietnam trademark law, Vietnam copyright law and enforcement of intellectual property. By this time, the procedure of trademark in Vietnam, patent in Vietnam or industrial design in Vietnam is still very longer in comparison with the current situation of Singapore intellectual property, particularly Singapore trademark.