|Vietnam got a 30 percent increase in its score on the sixth Intellectual Property (IP) Index report. (Source: tapchitaichinh.vn)
The country got 13.19 out of 40 points this year compared to 10.34 out of 35 points in the fifth edition, to rank 40th among 50 countries in the report namely “Create.”
The US, UK and EU remain atop the global IP rankings. Meanwhile, Japan and Singapore are named in the top ten.
The index reflects a fact that the majority of the economies are building more effective foundations for IP policy. Vietnam, Indonesia and Thailand, for example, each has long-standing programmes to enhance coordination among government agencies responsible for IP enforcement, according to the report.
David Hirschmann, President and CEO of GIPC, said this year’s index demonstrates stronger global commitments to innovation and renovation dominated by IP.
Patrick Kilbride, Vice GIPC President, said Vietnam has made active strides towards an intensified IP framework in order to compete more fairly with other nations in Southeast Asia.
Vietnam could carry forward this pace to become a leading nation in the region in the IP sector, thus promoting innovation at home and improving its competitiveness globally, he said.
The report is a blueprint for countries seeking to become true knowledge-based economies through effective IP architecture. The index benchmarks economies using 40 indicators that benchmark activity critical to innovation development surrounding patent, trademark, copyright and trade secrets protection.