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In particular, the required starting point is the baseline JAPAN
emission value of three years before project implementation. First quarter disappointment
When businesses consider setting up emission reduction According to an estimate released by the Japan Center for
projects, it is necessary to conduct a greenhouse gas inventory Economic Research (JCER), Japan's the economy shrank month

and accumulate data for three years as a basis for calculating on month by an annualised 0.3 percent in June pushed down
the ability to reduce emissions. by increased imports. Private consumption, which accounts
In order to attract investment and take advantage of capital for more than half of Japan's GDP, picked up in June after
from investment funds, Mr. Quang said that wood industry a decline in May.
enterprises need to be proactive in the ‘greening’ process, The rise in June was the result of the higher bonuses
since the leadership must recognise aware of the importance of and the consequent increase in real disposable income said
sustainable development, establishing specialised departments the research centre.
and being ready to change approach and management to In contrast, the JCER estimated corporate investment fell
suit a carbon credit generating project. 2.8 percent in June and imports increased by 2.1 percent,

In addition, businesses also need to improve their exceeding the small increase in exports. The JCER now
competitiveness, apply scientific and technological advances estimates the Japanese economy grew 2.8 percent in the
to improve labour productivity and digitally transform to reduce April-June quarter from the previous quarter on an annualised
production costs, strengthen brand promotion and product basis.
quality and build large-scale industrial parks for processing. In related news, in a rare unscheduled revision to gross
domestic product (GDP) the government said the economy
Department of Forestry (DoF) and Suntory PepsiCo shrank more than initially reported in the first quarter, darkening

Vietnam co-operation prospects for a fragile recovery.
The DoF under the Ministry of Agriculture and Rural The downward revision is likely to lead to a cut to the Bank
Development (MARD) and Suntory PepsiCo Vietnam have of Japan's growth forecasts in further quarterly projections
signed a memorandum of understanding (MoU) for sustainable and could affect the timing of its next interest rate rise.
forest development, towards water replenishment and carbon Weak yen and inflation undermining household confidence
offset forestry investment and development. A recent government report has said the weak yen is
The agreement came as part of a public-private partnership hurting Japanese households' sentiment and eroding their
conference in the multi-use value of forest ecosystems.
The event also marked the launch of the National Forest ronstik

Passport Initiative.
Vietnam has over 14.86 million hectares of forests, rich
and diverse in ecosystem values. Over the years, the forestry
sector has promoted the policy of 'socialising forestry' through
various mechanisms and policies.
Under the MoU, the two sides will work together to plant
native and large timber trees, regenerate water resources,

increase carbon absorption and protect the environment,
while enhancing livelihoods for local people.