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Minister of Science and Technology Nguyen Manh Hung emphasized that intellectual property must become an enterprises asset, can be priced for purchase and sale, included in financial reports, and can be a security asset to borrow capital, especially new technology assets, digital technology, and AI. Minister of Science and Technology Nguyen Manh Hung gave a speech to clarify the project Law amending and supplementing a number of articles of the Intellectual Property Law. Continuing the program of the 10th Session, on November 24, the National Assembly discussed in the hall the project Law amending and supplementing a number of articles of the Intellectual Property Law. National Assembly delegates basically agreed with the amendments in the draft, evaluating this as an important step to create a legal corridor for the assetization and commercialization of research results. In addition, many issues received attention and discussion such as the mechanism to protect intellectual property rights for products created by AI, the management and exploitation of intellectual property, the mechanism for mortgaging - handling collateral, or completing regulations on geographical indications... Commenting on Article 8a related to the management and exploitation of intellectual property rights, delegate Nguyen Hoang Bao Tran (Delegation) Ho Chi Minh City) believes that the drafting agency has received many opinions at the group discussion, but some regulations still need to be improved. According to delegates, allowing intellectual property rights owners to catalog and self-determine the value of intellectual property is a necessary step, creating a basis for intellectual property to be recorded in accounting books, participating in civil, commercial and investment transactions. However, the regulations are currently too broad when allowing self-assessment without going through the process. accompanied by the obligation to disclose bases, methods or minimum valuation standards. Auditing and inspection practices show that this is a loophole that can easily be exploited to increase value or transfer prices, posing a potential risk of loss when trading public assets; At the same time, it causes difficulties for credit institutions when evaluating loan applications. Therefore, delegates proposed adding the principle of explanation and transparency to valuation methods, in order to increase reliability and ensure integrity and safety for the intellectual property market. The National Assembly discussed in the hall the project Law amending and supplementing a number of articles of the Intellectual Property Law. Proposal to shorten the appraisal time so as not to lose opportunities for innovation. Also related to administrative procedure reform (Articles 89 and 89a), delegate Nguyen Hoang Bao Tran stated that the current patent appraisal time lasts from 30-36 months, even 4-5 years in some cases, which is causing many consequences. According to the delegate, this situation This situation causes many inventions to lose the opportunity to be commercialized at the right time, especially in technology fields with short life cycles; At the same time, it reduces the innovation motivation of businesses and scientists. Delayed appraisal is also incompatible with the Investment Law and Enterprise Law, when investors need intellectual property to mobilize capital. Therefore, delegates proposed to stipulate the maximum time limit for each stage: Reception, formal appraisal, application announcement and content appraisal. In addition, there needs to be a shortened mechanism for inventions serving small and medium-sized enterprises, high technology or inventions applied in domestic production. Delegates also emphasized the need for comprehensive digital transformation, minimizing paper records to shorten the process and speed up the appraisal process. Explaining at the discussion session, Minister of Science and Technology Nguyen Manh Hung affirmed that the main idea of this amendment is that intellectual property must turn research results into assets that can be traded and only then will there be a science and technology market. included in financial reports, can be collateral to borrow capital, especially new technology assets, digital technology, AI, Minister Nguyen Manh Hung said. According to the Minister, the most important shift of intellectual property is the shift from protecting rights to assetization, commercialization and marketization of research results, intellectual property becomes a strategic competitive tool for businesses and countries. He said, a developed country is a country where intangible assets and intellectual property account for 80% of total national assets. Vietnam has reached the stage where it must prioritize the development and protection of intellectual property to develop Vietnam into a high-income country. Therefore, the amendments are basically around this innovation, in sync with related science and technology laws. Law on Science, Technology and Innovation, Law on Digital Technology, Law on Technology Transfer, Law on High Technology, Law on Digital Transformation and Law on AI. Regarding recognition and management of intellectual property in enterprises, so that intellectual property can truly become economic property, the law has general provisions on recognition and management of intellectual property in enterprises and then assigns the Government to regulate in detail. on accounting, explanation, standards, valuation. In particular, assets that do not meet the conditions to be recorded on the balance sheet will be recorded in a separate intellectual property tracking book, can be self-assessed but only have internal value, cannot be borrowed from banks, clearly noted as doaBusinesses set their own prices, including the costs of creating assets. This is a measure to promote businesses to manage their intellectual assets. Regarding administrative procedure reform, the law require
