Businesses urged to register trademarks

Jul 13th at 19:55
13-07-2016 19:55:36+07:00

Businesses urged to register trademarks

Registration is imperative if businesses want to protect their trademarks, delegates told a seminar in HCM City on Wednesday.

 

Nguyen Thi Hoai Thanh of the National Office of Intellectual Property of Viet Nam (NOIP Vietnam) said trademarks are signs that serve the specific and primary purpose of identifying the goods and services of a producer.

They also help build trust in companies and their reputation, and play an important role in marketing and advertising, she said, adding that because a registered trademark is a form of intellectual property, businesses can license or assign it to others or restrict others from using it.

Vuong Duc Tuan of NOIP Vietnam's HCM City office, said with the ongoing integration, the demand to register Vietnamese trade marks abroad and foreign trade marks in Viet Nam has steadily increased.

There are two ways for Vietnamese firms to register their trademark abroad - directly in a country or through the Madrid system of the World Intellectual Property Organization.

The latter offers people the possibility of having their trademarks protected in several countries by submitting an application directly to their own trademark office, he said.

In the past Vietnamese firms like Trung Nguyen Coffee spent a lot of time and money to protect their trademarks that had been appropriated by local and foreign firms, he said.

Therefore, it is vital for businesses, especially producers, to understand the importance of protecting their trademarks, he said.

Thanh said: "The protection of a trademark is territorial. This means that the rights of a trademark are enforceable only in the countries where [it] is registered. Therefore, they must register their trademarks in markets they want to penetrate."

Once a trademark is registered, the protection will last 10 years, and businesses can renew.

Viet Nam as well as many ASEAN countries have adopted the first-to-file system, Thanh said.

So businesses should research trademarks before filing to avoid conflicts, she said.

Van Tuyen, head of Nutifood's legal department, said registration to protect trademarks abroad is not only complicated but also costly.

Businesses often do not know how to register in foreign countries or the duties and responsibilities of trademark owners, meaning they could easily lose their ownership rights, he said.

Vietnamese agencies should provide businesses with more information about intellectual property and the trademark application process in other countries, he said.

The seminar was organised by noip Vietnam and the HCM City Intellectual Property Association.

bizhub



NEWS SAME CATEGORY

Ly Son island to develop ‘green and clean'

The Thien Tan Group in Quang Ngai and Nikken Sekken Civil Engineering Limited Company from Japan inked an agreement on a consultancy and planning project for Ly Son...

Viet Nam: ideal destination for tourism investment

With picturesque landscapes, stable politics, improved infrastructure, and a surging number of foreign tourists, Viet Nam is increasingly seen as an ideal...

Binh Thuan seeks to lift PCI, improve business climate

Representatives from over 110 enterprises in the central coastal province of Binh Thuan gathered together at a conference on July 12 to discuss how to improve the...

Mekong Delta to get $1.3bn for development projects

Seven credit organisations have committed to give the Mekong Delta region VNĐ28.5 trillion (US$1.3 billion) to implement 73 socio-economic development projects.

Da Nang kicks off Israel-backed startup course for local entrepreneurs

A course has been launched in the central Vietnamese city of Da Nang to provide local entrepreneurs a better understanding on incubator and startup.

Alibaba tech guru invests $3 million in Vntrip.vn

Local online hotel booking site Vntrip.vn has received a $3 million investment from John Wu, former chief technology officer (CTO) of China’s largest e-commerce...

Calls for MEPS testing overhaul

Thousands of local and foreign manufacturers/importers in Vietnam are suffering a major administrative burden regarding energy labeling and minimum energy...

Firms busted for tax fraud

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of...

Three firms receive customs priority status

The General Department of Customs approved the application of three more companies for expedited customs procedures, baodautu.vn reports.

SME law urged to meet business expectations

Policy-makers yesterday were called on to build the law on supporting small- and medium-d enterprises (SMEs) in a way that helps narrow the gap between policies and...


MOST READ


Back To Top