At the meeting, Deputy Minister Do Thang Hai affirmed: "The Ministry of Industry and Trade welcomes foreign invested enterprises doing business in Vietnam, but must respect the signed contracts between the parties and Vietnamese law."
Stop buying Vietnamese textile products, what does Central Group say?
Information about temporarily suspending the purchase of textiles and garments by Vietnamese enterprises (businesses), said Philippe Broianigo, CEO of Central Group Vietnam, right in the afternoon of July 3, Central Group Vietnam had a meeting with suppliers to explain the concerns and concerns of suppliers about suspending purchases of Vietnamese textile enterprises (enterprises).
Accordingly, Mr. Philippe Broianigo said, Central Group is having new strategies for the garment industry in the distribution system in Vietnam and the suspension of purchase is in that strategy. The suspension of this purchase will take place in about 15 days. Currently, Central Group has sent letters to partner suppliers explaining that stopping purchases is temporary. All previously signed orders continue to be made.
There are a total of 4,000 Vietnamese suppliers supplying goods to Central Group's retail distribution system in Vietnam. In particular, Central Group Vietnam is suspending import of 200 textile and garment manufacturers. Central Group Vietnam is reviewing capacity profiles of businesses and today (July 4), it is expected to reopen orders for 50 suppliers. In the next 2 weeks, Central Group Vietnam intends to meet the leading suppliers in the current textile and garment industry to better discuss the company's requirements in the hope of long-term cooperation together and hope to continue to open orders for 100 suppliers. “As for the remaining 50 suppliers, we will sit back, discuss thoroughly, visit the factory to have a better assessment of capacity, and ask them to change to meet Central's requirements. Vietnam Group in the future. For these providers, it may take more than 2 weeks, ”said Philippe Broianigo.
Mr. Philippe Broianigo said, it will soon sign a contract with 150/200 textile suppliers
Mr. Philippe Broianigo also shared that this is not a sudden event but actually, 3 months ago, Central Group Vietnam had a meeting with suppliers about the need to improve the quality of product design But the acquisition did not meet the expectation. In addition, the strategic change with the Central Group's garment industry also aims to better serve the domestic market and export.
Need to comply with Vietnamese law
Appreciating the contribution of Central Group Vietnam after a short time buying Big C distribution system, Deputy Minister Do Thang Hai affirmed that Central Group Vietnam has actively cooperated with the Ministry of Industry and Trade in working promoting the image of Vietnamese goods not only domestically but also exporting, contributing to creating jobs and contributing to the State budget.
Deputy Minister Do Thang Hai also appreciated the efforts of Central Group in looking forward to maintaining, expanding and developing production and business activities in Vietnam, as well as wishing to export Vietnamese products. to the world. “We understand the desire of the Group and fully respect the right to produce and trade of investors. However, the suspension of purchases by Vietnamese textile suppliers should be resolved in accordance with the contracts signed between the two parties, in accordance with Vietnamese law. Avoiding a stop buying goods that greatly affects production and business activities and causes losses for suppliers ”- Deputy Minister Do Thang Hai stated.
Deputy Minister of Industry and Trade Do Thang Hai: "The Ministry of Industry and Trade welcomes foreign-invested enterprises doing business in Vietnam, but must respect the signed contracts between the parties and Vietnamese law."
Deputy Minister Do Thang Hai also emphasized that, based on the terms of the contract between the two parties, if the supplier's goods do not guarantee quality, Central Group has the right to reject the order. However, when there is a change in business strategy, there must be a notice with the supplier and a certain route for the supplier to have time to change.
Affirming goodwill wants Thai businesses to do long-term business and contribute to the development of Vietnam and the Ambassador