Businesses should be focusing more on sustainable development and considering it a critical element for long-term growth, said Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI) at the Vietnam Corporate Sustainability Forum in Hanoi on Tuesday. Citing the “Better Business – Better World” report released by the Business and Sustainable Development Commission, Loc emphasized that sustainable development would create a market worth $5 billion and generate 230 million new jobs in Asia by 2030. “Sustainable development will not just bring social and environmental benefits, it will also generate business opportunities,” he said. “In the context of rapid international integration as now, it’s not just a choice of business but the only key to success.” Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry, at the Vietnam Corporate Sustainability Forum. Photos by … [Read more...] about Sustainable development a key factor for business success: VCCI
Commission on sustainable development
Vietnamese enterprises should focus on sustainable development
There is a clear link between good environmental, social, and governance performance and the ability of companies to be profitable and survive turbulent times. As our research and global experience show, companies that see beyond the immediate equation of shareholders-management-customer-profit and that consider their business in a broader context of many stakeholders - including society and environment - these companies are better able to spot long term trends ad opportunities, are better able to operate in an increasingly complex and interlinked world and better able to attract top talent and employees and customers. Never before have international capital markets been so interested in how management responds to issues relating to environmental and societal change. With clear links between good environmental and social performance and long-term profitability, it will be those companies that take the lead in sustainability reporting that are better positioned for greater investment … [Read more...] about Vietnamese enterprises should focus on sustainable development
Vietnam, Laos Parties share experience in sustainable development
NDO/VNA – The fifth theoretical workshop between the Communist Party of Vietnam (CPV) and the Lao People’s Revolutionary Party (LPRP), themed “Rapid, sustainable development,” opened in Vietnam’s Mekong Delta province of Kien Giang on August 3. In his opening remarks, Vo Van Thuong, Politburo member, Secretary of the Party Central Committee and head of the CPV Central Committee’s Commission for Information and Education, stated that the workshop is significant in regards to theory and practicality. It is taking place at a time when Vietnam and Laos are marking the 55th anniversary of their diplomatic ties and 40 years of the signing into effect the Vietnam-Laos Treaty of Amity and Cooperation, he stated. Vietnam is implementing the Resolution adopted at the 12th National Party Congress and Laos is also materialising the Resolution of the 10th Party Congress, the official commented. The two-day workshop offers the opportunity for … [Read more...] about Vietnam, Laos Parties share experience in sustainable development
Policies on sustainable development of coastal forests promulgated
For the coastal forests commissioned to households and economic organizations that are significant to climate change adaptation, the State will consider revoking, repurchasing or compensating for the value of the invested assets in line with law, in order to plan those forests into coastal preventive ones. Localities are also asked to review and move the construction works, which affect or potentially affect the preventive functions of coastal forests, out of the planning areas for critical and very critical coastal preventive forests and coastal protection corridor. The investment projects transferring the use purposes of coastal forests and coastal forest land must strictly abide by legal regulations on forest protection and development as well as the law on land. The decree clearly defines that localities ensure the funding for management, protection and development of coastal forests according to the approved plans and estimates as well as legal regulations on state budget, … [Read more...] about Policies on sustainable development of coastal forests promulgated
Sustainable development’s good for business
A focus on sustainable development is good for business, and enterprises should see it as critical for long-term growth, Vu Tien Loc, Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said on Tuesday. – Photo cafef.vn A focus on sustainable development is good for business, and enterprises should see it as critical for long-term growth, Vu Tien Loc, Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said on Tuesday. Therefore, they should intensify their search for solutions to address sustainability challenges, he said at the Viet Nam Corporate Sustainability Forum held in Ha Noi. "The task becomes especially important in the context of rapid international integration," he added. Sustainable development would not just bring social and environmental benefits, it would also generate business opportunities, Loc said. Citing the “Better Business – Better … [Read more...] about Sustainable development’s good for business