Yes. Veet is a very popular hair removal cream for men, and it does not contain any kind of chemicals that will irritate your skin. You can safely use it on sensitive areas such as the face or chest without feeling any kind of discomfort. Just make sure that you have completely shaved the area that you will use the cream on so that there are no hairs left for the cream to grab onto.
Also, go over this area again later after the first time you apply the cream to ensure that you got everything.