In the escalating battle against counterfeit and imitation goods, many businesses—even those with registered intellectual property rights—continue to suffer significant losses in time, cost, and reputation. To safeguard brand integrity and reinforce market confidence, bold legislative reforms are urgently needed. Alarm over intellectual property violation In HCMC, it is not difficult to find bottled bird’s nest products labeled “Yen Sao Khanh Hoa” selling for as little as VND9,000–15,000 per bottle—an astonishingly low price considering the true value of bird’s nest can reach several million dong per 100 grams. The Yen Sao Khanh Hoa brand, with over 35 years of heritage, now finds itself surrounded by more than 100 imitator brands crowding the market. According to Le Thi Dong Phuong, deputy director of the HCMC branch of Khanh Hoa Bird’s Nest Company, counterfeit products not only result in revenue loss but also erode consumer trust and damage the reputation of the authentic brand. To combat these challenges, the company has invested heavily in investigating and recalling fake goods, redesigning packaging, implementing advanced anti-counterfeiting technologies, and strengthening communication campaigns. However, allocating substantial resources to brand and consumer protection has come at a cost—delaying several market expansion initiatives, particularly in the export sector, […]
In the escalating battle against counterfeit and imitation goods, many businesses—even those with registered intellectual property rights—continue to suffer significant losses in time, cost, and reputation. To safeguard brand integrity and reinforce market confidence, bold legislative reforms are urgently needed. Alarm over intellectual property violation In HCMC, it is not difficult to find bottled bird’s nest products labeled “Yen Sao Khanh Hoa” selling for as little as VND9,000–15,000 per bottle—an astonishingly low price considering the true value of bird’s nest can reach several million dong per 100 grams. The Yen Sao Khanh Hoa brand, with over 35 years of heritage, now finds itself surrounded by more than 100 imitator brands crowding the market. According to Le Thi Dong Phuong, deputy director of the HCMC branch of Khanh Hoa Bird’s Nest Company, counterfeit products not only result in revenue loss but also erode consumer trust and damage the reputation of the authentic brand. To combat these challenges, the company has invested heavily in investigating and recalling fake goods, redesigning packaging, implementing advanced anti-counterfeiting technologies, and strengthening communication campaigns. However, allocating substantial resources to brand and consumer protection has come at a cost—delaying several market expansion initiatives, particularly in the export sector, […]
In the escalating battle against counterfeit and imitation goods, many businesses—even those with registered intellectual property rights—continue to suffer significant losses in time, cost, and reputation. To safeguard brand integrity and reinforce market confidence, bold legislative reforms are urgently needed. Alarm over intellectual property violation In HCMC, it is not difficult to find bottled bird’s nest products labeled “Yen Sao Khanh Hoa” selling for as little as VND9,000–15,000 per bottle—an astonishingly low price considering the true value of bird’s nest can reach several million dong per 100 grams. The Yen Sao Khanh Hoa brand, with over 35 years of heritage, now finds itself surrounded by more than 100 imitator brands crowding the market. According to Le Thi Dong Phuong, deputy director of the HCMC branch of Khanh Hoa Bird’s Nest Company, counterfeit products not only result in revenue loss but also erode consumer trust and damage the reputation of the authentic brand. To combat these challenges, the company has invested heavily in investigating and recalling fake goods, redesigning packaging, implementing advanced anti-counterfeiting technologies, and strengthening communication campaigns. However, allocating substantial resources to brand and consumer protection has come at a cost—delaying several market expansion initiatives, particularly in the export sector, […]
The concept of the Fourth Industrial Revolution is no longer sufficient to encompass the profound transformations of our time. Digital transformation, artificial intelligence, and...
In drafting the amendments to the Investment Law, the Ministry of Finance has proposed authorizing the Government to issue a list of conditional business...
Modern lifestyle with working pressure, sedentation and unhealthy diets has silently decreased energy and reproductive health of young males.
Nowadays, young men are facing big...
Piloting the digital asset market is an important step toward bringing an emerging economic sector under a legal framework. However, if that framework leans...
Entrusted with the safekeeping of personal data, organizations must act in ways that do not betray the public’s trust.
The country has recently been shaken...
Vietnam’s financial market is entering a period of volatility, marked by contrasting developments. After a prolonged period of bullishness, the stock market has resumed...
Young corns, mangoes, and pineapples have a lower product carbon footprint (PCF) than dragon fruit or other farm products. Many businesses have begun to...