One Big C supermarket in Vietnam to close due to high rent

Big C Mien Dong has failed to reach an agreement with the building owner

The announcement of Big C said that it failed to reach an agreement with the owner of the building. Accordingly, the retailer argued that the rent required by the owner would make it impossible for Big C to keep to its commitment to keep prices low, so they decided to close the Big C Mien Dong branch.

Big C and Central Retail Vietnam committed not to let a single employee go by transferring personnel to other branches.

Since then, however, the supermarket remained open as usual and the announcement has been removed.

In a talk with local media, the representative of Central Retail, which operates the Big C supermarket chain, confirmed that Big C Mien Dong will be closed in June due to the disagreement on rent.

To curtail the impact of COVID-19, the firm has tried to negotiate with the owner of the building in order to maintain business after the pandemic and provide goods at the most affordable price.

“However, the new requirements of the owner would make it impossible for us to keep to our target, so we decided to close this supermarket,” the representative said.

After closing, Central Retail will continue serving customers by online delivery via its hotline and mobile phone application.

Big C Mien Dong is located on To Hien Thanh Street (Ward 15 in Ho Chi Minh City’s District 10), and was one of the first supermarkets of France’s Casino Group which entered in Vietnam in 2003. The Big C supermarket chain has been in the hands of Thailand’s retail giant Central Group since 2016.

In Ho Chi Minh City, there are seven Big C supermarkets, including Big C Truong Chinh, Au Co, Phu Thanh, Go Vap, An Lac, An Phu, and Thao Dien.

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