A key communicator of business activities

Binu Jacob, Managing director, Nestlé Vietnam

Since entering Vietnam in 1995 – a few years after the establishment of VIR – as one of the first major foreign enterprises here, Nestlé Vietnam has invested a total of $730 million in local production at six facilities and almost 2,200 employees across the country.

We now buy as much as 25 per cent of Vietnam’s coffee output, and are the country’s single largest coffee exporter, introducing consumers around the world to the distinct flavour and aroma of Vietnamese robusta.

But more than just numbers, Nestlé Vietnam is a company rooted in the sustainable development of the communities it serves.

We create products for the people – by the people of Vietnam, with maximum local ingredients sourced sustainably from local farmers.

Our growth comes from the healthy growth of Vietnamese children drinking MILO milk products and the prosperity of Vietnamese farming households joining our NESCAFÉ Plan to learn the most effective and sustainable production methods.

Not forgetting for a second the source of our strength and the ultimate goal of all we do –nurturing healthy and sustainable local communities – Nestlé Vietnam has pledged to give back to society more than we take.

We do this by supporting our people, our suppliers, and society at large in times of strife like the current COVID-19 pandemic to the combating of which we have pledged VND65 billion (approximately $2.86 million) in cash and in kind so far.

In the long run, Nestlé Vietnam has committed to fully green out our operations with clear targets for achieving carbon, water, and plastic neutrality.

We were one of the founding members of recycling group PRO Vietnam, and have already made several first-to-market changes such as introducing La Vie bottles made from 50 per cent recycled PET plastic and switching to paper straws for our MILO milk drink.

Nestlé Vietnam is grateful for VIR’s support in communicating these goals to the public and for faithfully documenting our business activities and contributions to the communities across Vietnam with admirable objectivity.

Allow me to congratulate Vietnam Investment Review on this most auspicious occasion and wish the newspaper and its people many more decades of successful high-octane journalism as the leading media companion of investors and business leaders across Vietnam.