Vietnam CentralGroup, the management unit responsible for Vietnam’s BigC supermarket supply system, has recently issued a suspension of order notices to cooperative suppliers of textiles and garments. According to the two parties, the two parties have previously completed the signing of trade cooperation contracts. Vietnam CentralGroup’s notification clearly stated that any issues arising before July 2, 2019 will be handled in accordance with the provisions of the trade cooperation contract.
Vietnam CentralGroup explained that the suspension of orders was due to changes in the development strategy of the textile and garment model to comply with the guidance of the Thai Management Group.
Pham Xuan Hong, director of the Ho Chi Minh City Textile, Garment, Embroidery and Knitting Association, said that he has learned about BigC’s suspension of importing products from domestic textile and garment companies. The association is currently contacting various companies to verify the information. Several textile and garment companies were very surprised after receiving the notice from Vietnam CentralGroup. Therefore, many textile and garment companies have rushed to the CentralGroup office in Ho Chi Minh City to learn about the notification.
According to a representative of a textile and garment company, he and other companies have had a 20-year cooperative relationship with BigC, and suddenly received an unknown message at 8:00 pm on July 2. Notification of reasons for stopping the purchase. The sudden incident caused a large amount of raw materials to be stored in the company, resulting in a cost loss of approximately VND 5-10 billion, and hundreds of workers faced unemployment.
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