DataDot Technology (ASX:DDT) should trade higher after the appointment of the Vietnam Institute of Anti-Counterfeiting Technology as agent for DataDot DNA and DataTraceDNA products in Vietnam.
The Vietnam Institute of Anti-Counterfeiting Technology is the scientific and technological research arm of the Association of Anti-Counterfeiting and Brand Protection Vietnam.
The Association, with 180 business enterprises, is policy adviser to the Government for the prevention and detection of counterfeiting and piracy.
It operates in collaboration with the Institute of Criminal Science and law enforcement agencies.
The Agreement between the Institute and DDT follows a detailed investigation of DataDotDNA asset identification and DataTraceDNA authentication technologies by the Institute, as well as DataDot’s participation in two anti-counterfeiting workshops.
Product and document counterfeiting in Vietnam is a serious problem that has affected economic activity.
The Government has given high priority to stamping out smuggling, commercial fraud and counterfeiting by forming a dedicated National Steering Committee under the Chairmanship of the Deputy Prime Minister.
The agreement with the Institute further extends DDT’s reach into the Asian arena and is a significant endorsement of the company's technologies.
News: DataDot Technology partners with Vietnam to foil counterfeiters
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