July 4- The two-day workshop, “The Cross Cutting Issues of WTO Accession” jointly held by the Ministry of Industry and Trade and the World Bank discussed Vietnam's improving legal system on the protection of intellectual property rights.

Since the new IP laws were introduced 2 years ago, Vietnam has built a legal corridor for its implementation based on the Law on Intellectual Property Rights.

IP protection is considered a vital part of national policy if a country wants to foster local innovation and creativity. Companies and individuals are not likely to invest time and energy in creating original work if the product can be easily copied and sold.