In today’s knowledge-driven, constantly connected global economy, a comprehensive legal environment is necessary to deter and address the theft of intellectual property, especially vulnerable IP assets like trade secrets. Trade secrets can give companies a competitive edge, and are obvious targets for misappropriation. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which took effect in Vietnam on 14 January 2019, has set a floor for its members to establish criminal sanctions for trade secret misappropriation. Vietnam’s compliance with the CPTPP’s requirements is necessary to ensure a healthy business environment as the country continues its path of economic integration.
- Publication date
- 19 August 2021