Director General of the World Intellectual Property Organisation (WIPO) Daren Tang met with Vietnamese youth for a dialogue at the Posts and Telecommunications Institute of Technology in Ha Noi on September 26 to chart a path for building an innovation-friendly intellectual property (IP) ecosystem.

The MoU, which sets out a comprehensive framework for IP cooperation, covers a wide range of areas from policy and legislative development to raising awareness, training human resources, supporting enterprises, and strengthening the capacity of Viet Nam’s IP authority.

Viet Nam aims to improve its Global Innovation Index ranking from the current 44th place to the top 40 by 2030, and the top 30 by 2045.

Intellectual property is increasingly becoming a strategic asset for nations. After nearly half a century of cooperation between Viet Nam and the World Intellectual Property Organization (WIPO), an increasingly structured intellectual property ecosystem has taken shape.