There is an increasing unrest among Vietnamese suppliers and it’s not without a reason!
Several garment workers and their firms gathered yesterday in front of Central Group’s representative office in Ho Chi Minh City to protest against the Group’s decision to temporarily stop buying apparels from Vietnamese suppliers. The group said this is effective from July 2019.
On Tuesday (2 July), the Thailand-based Central Group and its local partners confirmed this through a letter. In the letter, it clearly stated that the decision was taken owing to group’s goal to restructure the garment operations in Vietnam.
The group added that it will no longer be placing any orders following a commercial cooperation agreement with its partners.
However, it also said that all pending orders raised before 2 July will be settled in compliance with the agreement.
Ever since Big C supermarkets, owned by the Central Group, have been returning all products made by Vietnamese companies, there has been lot of unrest and anger among local suppliers.
Consequently, the suppliers along with the the garment and textile owners held banners in front of Group’s office and have accused the Group of being unethical in business.
Central Group made a big mark in Vietnam after it bought Big C supermarket back in 2016 at a cost of US $ 1.05 billion.
