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Lesson for Vietnamese giants in working with foreign partners

by VTV419 March 2019 Last updated at 18:00 PM

VTV.vn - Sears, a US retail titan that officially filed for bankruptcy, owes a Vietnamese textile company upwards of 4 million US dollars.

Now Thanh Cong Textile Garment Investment Trading Joint Stock Company is facing operational difficulties and is taking necessary measures to reduce the damage. The case is a notable story for Vietnamese enterprises to take note during their business with foreign partners.

The ruling of the court will be announced in June this year. Thanh Cong said they will take this incident into account when it comes to working with US customers, and the firm negotiated with many other customers to minimise the risk of postpaid accounts.

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