100 Business Owners in Minh Phung Ward 'Go to School' on Intellectual Property: Why?

In a proactive move to bolster local enterprise, the Minh Phụng ward in Ho Chi Minh City has initiated a crucial program focused on intellectual property rights for its business community. Recognizing that many small and medium-sized enterprises possess valuable brands, unique products, and innovative ideas, this initiative aims to equip them with the knowledge and tools to protect these 'intellectual assets.'

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So, we organize this training session to support our people in establishing, managing, exploiting, and developing intellectual property for the locality's characteristic products; encouraging innovation and developing the economy, culture, and society.

Chau Kien Quang, Vice Chairman of the Minh Phung Ward People's Committee, highlighted the common issue where businesses, despite developing strong models and recognizable brands, often neglect to formally protect their intellectual property. This oversight leaves them vulnerable to imitation and idea theft. The training session, therefore, serves as a vital platform to guide these entrepreneurs in establishing, managing, and leveraging their intellectual property, thereby fostering innovation and economic growth within the ward.

The program also seeks to elevate intellectual property into a key instrument for enhancing the city's overall competitiveness. By encouraging businesses to safeguard their creations, the ward aims to stimulate a culture of innovation and creativity. This aligns with broader national goals of moving towards a knowledge-based economy where intangible assets play an increasingly significant role.

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The further goal is to make intellectual property an important tool in enhancing the city's competitiveness.

Testimonials from participants, such as Nguyen Thanh Minh, Director of MiT Company, underscore the urgency of this issue. Minh shared his experience of having his company's service innovations quickly replicated by competitors. Experts like Dr. Ngo Dac Thuan, Chairman of IP Group, provided practical advice, stressing the immediate need for creators to document their work and pursue formal registration. This proactive approach, they explained, is essential for winning legal disputes and ensuring that creators reap the rewards of their ingenuity. From a Vietnamese perspective, this focus on intellectual property is not just about legal protection; it's about nurturing homegrown talent and ensuring that local businesses can compete effectively on both domestic and international stages, preventing the exploitation of their hard-earned innovations.

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As soon as a service model, work process, product, or logo is created, the author already has copyright. At that point, the author needs to take action to save evidence of the date and time the product was created, then proceed to the steps of registering intellectual property protection for that product. This will help individuals and businesses win lawsuits in cases of disputes with parties who copy or steal ideas...