- “Supporting SMEs in Vietnam for Sustainable Development” project in 2017 to enhance competitiveness of SMEs
- Promote economic empowerment and social inclusion for women through the 5by20 initiative
- Continue to implement the EKOCENTER global initiative to support the community
- Actively initiate a wide range of activities to address climate change and sustainable agricultural development
(November 7th, 2017, Danang) With a long-term commitment to the sustainable development of Vietnam, Coca-Cola Vietnam today attended the Vietnam Business Summit with the theme "Vietnam: We Mean Business!", held at the Ariyana Convention Centre (ACC). This is one of the major events during the APEC Economic Leaders’ Week in Da Nang, Vietnam.
The Vietnam Business Summit, organized by the Vietnam Chamber of Commerce and Industry (VCCI), featured significant discussions on changes in reform, development orientation for the emerging market, integration, and business opportunities. It was a venue for the Vietnamese business community to express their insights and enhance their position in the international arena, as well as access opportunities for successful investment and business linkage in Vietnam.
As a multinational corporation, Coca-Cola has long had a "think global, act local" strategy its markets. The company aims to provide a unifying of business goals and benefits to the communities where they operate, and to differentiate through innovation in all activities. Thus, to support Vietnam’s sustainable development goal alongside with the government's development priorities, Coca-Cola has built its credibility and trust by continuously improving its products and efforts. The implementation of global initiatives contributes to the development of sustainable social development. At the same time, Coca-Cola has played a vital role in creating positive impact with its support for enhancing the competitiveness of small and medium-sized enterprises (SMEs), prioritizing promoting economic growth and creating jobs.
In his speech at the panel discussion on the topic SMEs, Start-ups and Innovation: Sharing experience in marketing and global value chain participation, Sanket Ray, CEO of Coca-Cola Vietnam shared: "Coca-Cola Vietnam is committed to sustainable development and contributing to supporting the ecosystem of Vietnamese businesses to boost the economies of both Vietnam and US countries. The success of a company is reflected in the prosperity of the surrounding community, which is a critical factor in our business. Coca-Cola is focused on developing sustainable business not just profit but also expanding profitability for all our partners and suppliers in our global business ecosystem, speeding up the innovation process to ensure sustainable development."
In 2017, Viet Nam is honored to host APEC 2017. Aligning with the priorities of APEC 2017, Coca-Cola, in addition to technology investment, production scale expansion and products diversification, always strives to find effective solutions, contributing to the positive changes in the economy and society, creating practical value for the community. The success of APEC 2017 will create new momentum to promote growth and increase regional economic integration.
In the context of Vietnam's economic integration, SMEs are considered as a new engine for the development of the national economy. Coca-Cola understands the challenges that SMEs face in enhancing their competitiveness towards sustainable development. With more than 131 years’ experience in the global market, Coca-Cola has brought its global values to the local market through its “Supporting SMEs in Vietnam for Sustainable Development 2017” project implemented jointly with the VCCI’s Vietnam Business Council for Sustainable Development (VBCSD) and the US-ASEAN Business Council (USABC).
After the training and mentoring programs, eight of the 12 SMEs were officially qualified to participate in the supply chain of Coca-Cola Vietnam. This is a positive start to the journey of joining the global value chain for SMEs.
Since 2010, Coca-Cola has invested more than $ 7 million in the social sector. The company has coordinated with many localities and non-governmental organizations to implement a series of practical projects to assist people in accessing clean water at EKOCENTER community centers, has brought the 5by20 program to promote empowerment to 5 million women by 2020. Notably, climate change supporting projects, particularly the Monkey Cheeks project, pilots flood-based livelihoods in support of a water retention strategy for the Mekong Delta, Vietnam.
“The success of Coca-Cola's global initiatives come from local market insights. We focus on creating "shared values" in the three main pillars of our corporate sustainability strategy, which are water, women, and quality of life for the community. We are committed to long-term investment to make positive changes in the delivery of innovation transfer that fosters an effective value chain alliance and strong economic development in countries where Coca-Cola -Cola operates," said Sanket Ray.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world’s largest beverage company, offering over 500 brands to people in more than 200 countries. Of our 21 billion-dollar brands, 19 are available in lower- or no-sugar options to help people moderate their consumption of added sugar. In addition to our namesake Coca-Cola drinks, some of our leading brands around the world include: AdeS soy-based beverages, Ayataka green tea, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater, and Zico coconut water. At Coca-Cola, we’re serious about making positive contributions to the world. That starts with reducing sugar in our drinks and continuing to introduce new ones with added benefits. It also means continuously working to reduce our environmental impact, creating rewarding careers for our associates and bringing economic opportunity wherever we operate. Together with our bottling partners, we employ more than 700,000 people around the world. For more information, visit our digital magazine Coca-Cola Journey at www.coca-colacompany.com, and follow The Coca-Cola Company on Twitter, Instagram, Facebook and LinkedIn.
About Coca-Cola Vietnam
Coca-Cola is one of the best-known international brands in Vietnam. Coca-Cola Vietnam's factories in Ho Chi Minh, Da Nang and Hanoi recruit about 2,500 employees, more than 99% of whom are Vietnamese. The Company's portfolio in Vietnam includes Coca-Cola, Coca-Cola Light, Coke Zero, Sprite, Fanta, Minute Maid Nutriboost, Minute Maid Teppy, Schweppes, Dasani and Aquarius. Since 2017, to meet the fast changing in tastes and demands of consumers, Coca-Cola Vietnam has proactively diversified its high-quality portfolio with the promotion of packaged juice and tea products. Coca-Cola Vietnam has considered sustainable development as the core of its business activities which include organizing safe and healthy working environment, setting priority to training employees. Several sustainable development projects were also expressed by detailed goals of energy saving, effective water use and water balance. Coca-Cola continues building sustainable communities in locations where the company operates. From 2010, Coca-Cola has invested millions of USD in community projects in Vietnam, including projects building EKOCENTER, providing clean water, empowering women and local SMEs, supporting families in hardship, and sending disaster relief.
For more information, please contact:
Vũ Thanh Trúc
PR and Sustainability Manager