June 19, 2019
On June 14, 2019, the National Assembly of Vietnam ratified a law amending and supplementing the Law on Insurance Business and the Law Intellectual Property (IP Law), with the primary purpose being to bring the existing laws in line with the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect in Vietnam on January 14, 2019. The key changes in the amended IP Law are presented below.PatentsGrace period applicable to utility patents