In today’s world, intellectual property (IP) rights have become a significant part of overall corporate value as well as a “driver of important market transactions.” Nevertheless, patent commercialization and claims for damages due to patent infringement are often obstructed by parties’ differing positions on the patent value. To improve Vietnam’s legal and practical environment for patent valuation, this paper constructs a comparison of the prevailing frameworks of the United States and the People’s Republic of China with that of Vietnam to make recommendations meeting the stated purpose. An analysis of relevant academic literature suggests that parties should be allowed to choose their preferred valuation technique even when having engaged valuation professionals. Also, valuation service providers should be able to demonstrate the underlying rationale for selecting a particular valuation method. Other valuation techniques, such as forward citation counting, should also be studied to provide private parties, patent valuators and relevant state agencies in Vietnam with more options when facing the need to value a patent.

I. Introduction
II. Common Patent Valuation App roaches
III. Legal Framework for Patent Valuation inDiff erent Jurisdictions
    A. Vietnam
    B. The People’s Republic of China
C. The United States
IV. Findings
    A. Comparison between Patent Valuation Legal Frameworks of the US, thePRC and Vietnam
    B. Shortcomings in the Valuation Regulations and Practices in Vietnam
V. Lessons for Vietnam
VI. Conclusion
References

• Tran Van Nam(Associate Professor at the National Economics University Faculty of Law, Vietnam. )
• Tran Manh Hung(Attorney-at-Law (Baker McKenzie-Vietnam). LL.M. (Kyushu U.-Japan))
• Do Tran Thanh(Attorney-at-Law (Baker McKenzie-Vietnam). LL.B. (Hanoi Law U.-Vietnam))
• Truong Tan Dung(LL.B. (Hanoi Law U.-Vietnam))