WIPO General Director Dr. Francis Gurry said at a meeting with organisations and individuals winning WIPO prizes in Hanoi on January 20 that IP made a contribution to economic development. Products and firms will establish a strong presence in the market to enhance Vietnam’s images abroad.

In the next 10 years, Vietnam will see a boom in IP, so increasing demand on patents from local businesses and foreign investors in Vietnam will require better patent and IP protection, he said.

According to the WIPO chief, with good legal infrastructure on IP, Vietnam needs to continue enforcing and improving the capacity of IP implementation because of regular changes and developments in the field.

WIPO has carried out cooperation programmes on capacity enhancement in order to create favourable conditions for developing countries, including Vietnam, he said.

On this occasion, the Vietnam Fund for Supporting Technology Creations presented the badge “For the cause of Vietnam’s technology creation” to Dr. Gurry in recognition of his and his organisation’s contribution to Vietnam.