The INVISIP Company was established in 2018 and is located in the Trung Yen 1 Building, Trung Yen Urban Area, Trung Hoa ward, Cau Giay district, Hanoi, and specializes in the protection and commercialization of intellectual property rights (IPR). It is proud to have been selected by many Vietnamese small and medium-sized enterprises (SMEs) and individuals in legal cases regarding copyright, trademarks, domain names, industrial design, anti-unfair competition, and other IPR matters.
In particular, it has successfully supported clients in commercializing IP assets through deals with giant international corporations.
In one typical case, INVISIP represented Rex Roth Co., Ltd., the owner of the “SIGENTICS” trademark under Registration No. 353998 granted by the IP Office of Vietnam. With its professionalism, INVISIP successfully supported Rex Roth in entering into a long-term License Agreement with Siemens Aktiengesellschaft, a leading technology corporation, regarding the use of the “SIGENTICS” trademark. This demonstrates how a Vietnamese entity can effectively commercialize its IPR and cooperate with famous corporations at the international level.
INVISIP also actively seeks the amicable settlement of IPR disputes between parties. An example is the “BONTEA” case, where INVISIP’s client, Mr. Nguyen Bao Trung, discovered that a Singaporean company was selling “BONTEA” tea products in Vietnam, while Mr. Trung had registered a similar trademark at the IP Office of Vietnam. Instead of instigating a lawsuit, which seemed hard to avoid, INVISIP brought a “win-win” result to both parties through an amicable co-existence agreement. This peaceful solution was the outcome of continuous efforts by INVISIP to benefit its client.
Similarly, in another long-running dispute between Rex Roth and a famous German corporation, INVISIP helped both parties reach an agreement on the transfer of IPR, including the domain name, company name, and trademark, at a reasonable price.
Nowadays, IPR is an important part of business, especially as Vietnam is a member of international pacts such as the CPTPP, EUVFTA, and RCEP. It is also clear that the current IP Law in Vietnam permits and encourages the commercialization of IPR. Hence, foreign investors are welcome to participate in the development and commercialization of IPR in the country.
According to the IP Gazettes published monthly by the IP Office of Vietnam, in the year from October 2020 to September 2021 it handled and accepted nearly 1,500 requests for the transfer of trademark applications and registrations. It is predicted that the number of transfers of IPR, including trademarks, will grow in the years to come.
Understanding the vital role of IPR in the economy, the government is now drafting an amendment to the IP Law to facilitate the commercialization of IP assets. Similarly, Decision No. 1068/QD-TTg approving the Intellectual Property Strategy to 2030, issued by the Prime Minister on August 22, 2019, emphasizes that one of its main objectives is the promotion of IPR exploitation and commercialization. By 2030, Vietnam is expected to become one of leading ASEAN countries in the creation, protection, and exploitation of IPR.
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