Chairman of the NA Committee for Legal Affairs Hoang Thanh Tung (Photo: VNA)

At the meeting, Minister of Science and Technology Huynh Thanh Dat stated that amending and supplementing a number of articles of the IP Law is vital to the country’s socio-economic development.

Vietnam has joined international commitments towards the improvement of protection and enforcement of IP rights during global economic integration. Such commitments require amendments and supplements to the country’s IP Law.

Legislators believed that the draft law has basically met international commitments to which Vietnam is a member, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA).

Concluding the meeting, Tung asked drafting agencies to gather opinions and clarify theoretical and practical foundations in a bid to ensure consistency in the legal system, as well as the bill’s compatibility with international commitments that Vietnam has participated in.

He added that based on opinions by the NA Standing Committee and contents of this meeting, the Committee for Legal Affairs will further complete an official verification report for consideration at the second session of the 15th NA.