SOCIETY Updated at 10:42:43 06/30/2020  (Views:  195 )
Funds in support of intellectual

Funds in support of intellectual property development program

BTO – The provincial People’s Council has recently issued regulations and state budget spending extents on the development of the intellectual property program in Binh Thuan province in the 2016-2020 period. Additionally, the People’s Committee is in charge of conducting the program which takes effects since late June.

Under the newly-issued regulation, it stipulates the extent of spending on supporting the guarantee, management, and protection of intellectual properties domestically and internationally. Thus, only advantageous and scientific researching products and services are prioritized for domestic protective registration. The financial support varies from VND 12 to 24 million per application.

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In case of protective registration in foreign countries, the would-be protected products must belong to a locality in Vietnam, and are being researched as that locality’s advantageous and key, or even as national products. Such cases are received a backing of VND 48 million per application. The arisen expenses will be charged by the individual or organization participants.

Besides, the regulation covers the spending extent on advertisement, promotion and organization of Vietnamese intellectual products inside and outside the country. The improvement of such intellectual products and services are best exploited to bring commercial benefits to the country. 

The expenditure is reportedly sourced from the province’s budget for scientific and technological investment, and contribution from individuals, organizations and enterprises.

Translated by My Thien (Source: Binh Thuan Online)

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