Vietnam to buy out IP rights for ST25 rice variety
ST24 and ST25 rice varieties are expected to become state assets, ensuring mass production in Vietnam.
ST24 and ST25 rice varieties are expected to become state assets, ensuring mass production in Vietnam.
The lack of understanding about international laws and limited financial capabilities remain two major challenges for local firms to protect their brands abroad.
Vietnam Trade Office in Australia is working with Australian authorities to protect Vietnamese brands abroad.
Five US firms are in the process of registering the trademark of ST25 rice in overseas markets.
In the first half of this year, rice export value jumped 18.6% year-on-year to US$1.71 billion.
The Philippines and China, Vietnam’s two major rice export markets, may reduce rice imports in 2020.