Vietnam's export turnover reached more than US$280 billion in 2020, a 55-fold increase from the figure of US$5 billion in 1995 thanks to the effectiveness of free trade agreements (FTAs) it has signed with partners.

The number of patents granted to Viettel has increased by 142% a year which is nearly eight times higher than the country’s average increase of 18%.

Support is to be provided to small and medium–sized enterprises (SMEs), enabling them to use intellectual property (IP) rights to build stronger, more competitive and resilient businesses, said Dinh Huu Phi, Director of the Intellectual Property Office of Vietnam.

The new government should set forth policies to facilitate investment and connectivity between overseas Vietnamese and Vietnamese-German entrepreneurs and experts in Germany with the homeland, said several Vietnamese intellectuals in the European country when being asked about their expectations of Vietnam’s newly-elected government.

The General Department of Market Surveillance under the Ministry of Industry and Trade said that the market management force would focus on fighting counterfeit goods, goods that infringe intellectual property rights and goods of unknown origin on both traditional trade and digital platforms from April 1 to the end of December 2025.

Amendments to legal regulations relating to intellectual property (IP) will contribute to improving Vietnam’s IP system, making it an important tool to promote national competitiveness and drive the knowledge economy, thus promoting socio-economic development, Minister of Science and Technology Huynh Thanh Dat has said.

The Prime Minister has recently promulgated the national product development programme to 2030.

Vietnamese intellectuals and students working and studying in Belgium, Switzerland and Luxembourg have applauded the country's achievements over the past five years under the leadership of the Communist Party of Vietnam, expressing their belief in opportunities for Vietnam’s stronger development in the future.

Vietnam passed the intellectual property law few months after the enforcement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas.