$1 Million in Fines for Intellectual Piracy in Vietnam

Vietnam’s technology ministry says over the past five years it has identified more than 4,500 violations of intellectual property rights worth millions of dollars, and collected about $1 million in fines as a result.

This not only helps the country gain credibility in the international business community; it also is intended to honor the commitment Vietnam made to protect intellectual property rights when it joined the World Trade Organization several years ago.

Even so, Vietnam faces a long-term challenge reforming a culture of piracy that evolved a decade ago as its highly entrepreneurial and creative consumers were exposed to Western technology and culture they couldn’t afford, such as Hollywood movies, Microsoft Windows, Blackberry phones, Italian and Levis.

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