Vietnam remains attractive investment destination: Nestle Vietnam CEO
Vietnam has shown its attractiveness as a sustainable and long-term investment destination thanks to the country's numerous advantages, according to CEO of Nestle Vietnam Binu Jacob.
Hanoi (VNA) – Vietnam has shown its attractiveness as a sustainable andlong-term investment destination thanks to the country's numerous advantages, accordingto CEO of Nestle Vietnam Binu Jacob.
Speakingto the Vietnam News Agency, he said that Vietnam, with a population of 100million, has a young workforce and enjoying a golden population structure,which gives the country great opportunities in socio-economic development.
Vietnamis also showing active regional and global economic integration, while owning askilled and enthusiastic workforce, he added.
Despiteimpacts from COVID-19, Nestle Vietnam has announced that it will pumpan additional 132 million USD in Vietnam to double its production of high-qualitycoffee products in Vietnam, raising the company's total investment tonearly 730 million USD.
CEO of Nestle Vietnam Binu Jacob. (Photo: VNA)
Nestleis confident in Vietnam’s future prospects as a global and regional productioncentre, he said, stressing that the company will continue to expand sustainableinvestment activities in the Southeast Asian country. Nestle is proud to be one of the pioneeringcompanies making foreign direct investment in Vietnam, thus contributing to the sustainableand inclusive growth of the country, he stated.
The CEO said that during the past two decades in Vietnam,Nestle has received great support from the Vietnamese Government, ministries,sectors, agencies and localities.
Nestlecommits to help with the completion of “dual targets” given by the VietnameseGovernment, and supports the strategic policy orientations of Vietnam in livingsafely with COVID-19 and reopening the economy, he said, stressing the need forimmediate actions.
Heheld that one of the important factors deciding the success of an enterprise ispolicy support and specific actions from the Government in encouraging thedevelopment of businesses in general and private companies in particular.
Jacob lauded the efforts of the Vietnamese Government in improving institutions,making the investment and business environment more open and healthier.
Heexpressed his delight that the Vietnamese Government has listened to opinions of theprivate business community, especially FDI enterprises, and appreciated theVietnamese Government’s priority to COVID-19 vaccination in Ho Chi Minh Cityand the southern economic region./.
Nestlé Indonesia, a subsidiary of Swiss conglomerate Nestle, has recently invested 3.1 trillion Rp (220 million USD) in building a new factory in Batang district of Central Java and expand production in three other facilities in West Java, East Java and Lampung provinces.
A webinar themed “Sustainable Businesses Implement Dual Goals” was held on September 9 as part of the 8th Vietnam Corporate Sustainability Forum (VCSF).
Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA) 
CEO of Nestle Vietnam Binu Jacob. (Photo: VNA) 
