12 June, 2019
Despite rapid economic development over the past two decades and an increasingly urban population, Vietnam remains a primarily agricultural country. According to 2018 statistics from the Ministry of Industry and Trade, 70% of the population (67.5 million) was living by agriculture, with agricultural land (including forests) covering 26 million hectares—an area about the size of the country of New Zealand.
Such large-scale agriculture is clearly attractive to global agrochemical companies, who have been increasing their investment and production in Vietnam in recent years. For these companies, whose business is driven by scientific and technological breakthroughs, such activities are naturally associated with the protection of intellectual property rights, and especially patent protection.
A study of patents granted and applied for in the agrochemical field can therefore be useful in assessing the trends and opportunities of the Vietnamese market. We have prepared the attached report to provide a summary of the statistical data on agrochemical patents in Vietnam.
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