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The equal commercialization of traditional knowledge plays an ever increasingly important role in poverty elimination, cultural preservation, and sustainable socio-economic development. However, the commercial exploitation of traditional knowledge has not been paid appropriate attention whereas reasonable benefits of the indigenous are not properly respected; privacy, culture and belief of the indigenous community are violated. In order to promote the commercialization of traditional knowledge as well as to ensure the equality in the exploitation process, this paper presents an overview of the current commercial exploitation of traditional knowledge in Vietnam as well as analyzes reasons leading to unsustainable and unequal exploitation of traditional knowledge, thereby providing feasible solutions to boost the equal commercial exploitation of traditional knowledge.

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Issue: Vol 1 No Q2 (2017)
Page No.: 5-16
Published: Nov 30, 2017
Section: Research article

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Copyright: The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License CC-BY 4.0., which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 How to Cite
Chau, A. (2017). Solutions to promote the equal commercialization of traditional knowledge in Vietnam. VNUHCM Journal of Economics, Business and Law, 1(Q2), 5-16.

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