Vietnam improves overall score on the intellectual property index
For reaching a trade agreement with the European Union last year, Vietnam received a higher score in the International IP Index 2021.
According to the intellectual property (IP) index, released by the U.S. Chamber of Commerce Global Innovation Policy Center (GIPC), the country’s score increased from 36.62 percent (18.31 out of 50) last year to 37.49 percent (18.74 out of 50).
The annual ranking uses 50 indicators across nine categories to map the IP ecosystem in 53 economies that account for over 90% of global GDP, which are patents, related rights and limitations; copyrights, related rights, and limitations; trademarks, related rights, and limitations; design rights, related rights, and limitations; trade secrets and the protection of confidential information; commercialization of IP assets; enforcement; systemic efficiency; and membership and ratification of international treaties.
Vietnam scored highest in international treaties and lowest in design rights out of the nine indicators.
Vietnam improves ranking on the intellectual property index
Vietnam has moved up a notch to be ranked 41st, thanks to 0.5 points increase in the Post-TRIPS (Trade-Related Aspects of Intellectual Property Rights) FTA indicator.
The center said it gave Vietnam a higher ranking because of the EU-Vietnam Free Trade Agreement, which went into effect on August 1 last year and contributes to increase integration into worldwide IP platforms.
Despite the fact that the report applauded Vietnam for having a basic IP protection and enforcement framework in place, it also pointed out some weak points, including deficient protection of life science patents, a complicated enforcement environment, a lack of measures to address online infringements, and high physical counterfeiting and online infringement rates.
It praised Vietnam for making efforts in drafting legislation to align its IP Law with both EU FTA and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) to fulfill treaty obligations, quoting the drafted IP Law “strengthen the protection of copyright online as well as improve the technological protection measure and digital rights management environment.”
In Asia, the country placed above Thailand at 45th, Indonesia at 48th and Pakistan at 52nd.
The top five countries’ rankings did not alter significantly. The United States continues to lead the index, with the United Kingdom coming in second. Germany climbed one position to third place, pushing France down to fourth. Japan came in fifth position after outperforming Sweden.
China, the world’s second-largest economy, rose four places to 24th, while India, the world’s second-most populated country, remained in 40th place.
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