Solutions to Identify Counterfeit Goods and
IP Violations from the Experience of Korea
Currently, counterfeit
products and product infringing intellectual property rights happening
in Vietnam are very popular and diverse in types. This situation not only
affects domestic production and trade but also has a negative impact on close
business partners of Vietnam, including Korea. In many cases, the infringed
parties have been seeking help from IP lawyers in
Vietnam for advice.
IP Enforcement Law Firm in
Vietnam
With cultural compatibility,
Korean products such as fashion, home appliances, cosmetics, and functional
foods are very popular and widely consumed in Vietnam. Therefore, with the
quick grasp of this trend, the products of Korean enterprises have become the
subject of counterfeiting. Besides, with the development of e-commerce
channels, these counterfeit products quickly reach consumers, affecting the
interests of consumers in Vietnam and Korean enterprises.
Moreover, with technology, forgery is
increasingly done in a very sophisticated way from the packaging, share, and
the color of the counterfeit products. Therefore, without a method of
comparison and inspection, it is difficult for consumers to detect the product
as a fake. This causes great damage to Korean enterprises not only the market
share, but also the value of reputation and intellectual property rights being
violated.
Besides, the Covid-19 pandemic makes people
in Vietnam more inclined to buy goods online. This is an opportunity for
individuals and organizations that counterfeit products to easily reach out to
consumers without being detected and punished.
In addition, although Vietnam has a mechanism
to enforce intellectual property rights, these regulations have not been
thoroughly applied. Therefore, many individuals and organizations making
counterfeit goods and infringing intellectual property still continue to
violate without being caught. Meanwhile, consumers still have to pay to use bad
quality products.
With the support of Korean businesses,
Vietnam authorities will continue to improve their capability in identifying
counterfeit goods and goods infringing on intellectual property. Therefore, an
exchange between Korean businesses and the General Department of Market
Management of Vietnam is necessary in providing methods to detect counterfeit
goods and intellectual property violations for Vietnam agencies to exchange
support, raise awareness of intellectual
property rights protection, and provide information on intellectual
property rights for Korean businesses in Vietnam. It is expected that Vietnam
intellectual property enforcement agencies improve their efficiency in
identifying, preventing, combating and handling counterfeit and infringing
goods in Vietnam to protect consumers and company in creating an encouraging
investment environment in Vietnam, for Korean investors to enter Vietnam
for setting up
company, factory and do business in Vietnam.
You could learn more about
ANT Lawyers IP Practice or contact our IP lawyers in Vietnam for
advice via email ant@antlawyers.vn or
call our office at (+84) 24 730 86 529
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