The FINANCIAL -- Nestlé has
reaffirmed its commitment to support more than 20,000 coffee farmer
households in Vietnam.
As Nestlé reported, the company will continue to develop sustainable coffee farming in the country in partnership with the Vietnamese Ministry of Agriculture and Rural Development.
Measures include improving coffee productivity through better farming practices and distributing high-yield, disease-resistant plantlets over the next five years.
The initiative is backed by Nestlé’s global Nescafé Plan which it extended to Vietnam last year.
As part of the plan Nestlé looks to source 30,000 tonnes of coffee from around 16,000 Vietnamese farmers annually, helping them obtain better prices and a steady income.
This is part of an approach to business Nestlé calls ‘Creating Shared Value’, which aims to create value for the company’s shareholders at the same time as for those communities where it operates.
Marking a centenary
Nandu Nandkishore, Nestlé’s Executive Vice President and Zone Director of Asia, Oceania, Africa and the Middle East, stressed the importance of Nestlé Vietnam at an event to reaffirm its presence in the country.
“We will continue to contribute and to enhance the lives of people in Vietnam and around the world,” said Mr Nandkishore.