Asian consumer firms need to buck up on sustainability: New report

eco-business_A new report by WWF has found that most major Asian consumer goods firms are lagging behind their western counterparts on making their operations and supply chains more sustainable, and their investors are also not paying enough attention to environmental risks.

Non-profit group World Wide Fund for Nature (WWF) has published a report shining an uncomfortable spotlight on Asian consumer firms, which finds them severely lagging behind international standards on sustainability.The international group said the lack of sustainability among Asian manufacturers of food, household, and personal care products is in part due to a lack of scrutiny from financiers. Continue reading “Asian consumer firms need to buck up on sustainability: New report”
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The real power of Vietnam’s economy

Last update 16:00 | 28/03/2017
VietNamNet Bridge – Economic growth based on natural resource exploitation and a cheap labor force has reached the critical point. Economists say Vietnam has no choice but to follow a sustainable development strategy.

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Vietnam earlier this year received an ‘expected gift’ from PricewaterhouseCoopers (PwC). The auditing firm, one of the ‘big four’, reported that Vietnam economy ranked  32nd in the world in 2016 with GDP of $595 billion, including PPP (purchasing power parity) formula.

With the predicted average growth rate of 5.1 percent in 2016-2050, PwC believes that Vietnam would be the 20th largest economy in the world by 2050 with GDP of $3.176 trillion (in PPP), higher than that of Thailand, Malaysia, Canada and Australia. Continue reading “The real power of Vietnam’s economy”