Intellectual property rights owners are increasingly feeling the pressure from the counterfeit goods that are invading the global market. Societies worldwide also suffer, as countless people are either slaves to these criminal black marketers or victims of their faulty products. The second part of this two-part feature takes a look at some of the economic and social problems posed by counterfeiting and other IP rights violations.
April 8, 2020
On March 6, 2020 the Ministry of Finance issued Circular 13/2020/TT-BTC (Circular 13), which amends and supplements Circular No. 13/2015/TT-BTC on inspection, monitoring, and suspension of customs procedures for exported and imported goods subject to requests for intellectual property rights protection; and control of counterfeit and IP-infringing goods. Circular 13 will officially enter into force on April 20, 2020.Some of the noteworthy changes include the following: