Đại Cát Tường

Đại Cát Tường was established in March 2005 in Quảng Ngãi Province, Vietnam. Its reported initial capital was VND 38 billion, with most of the funding borrowed at a preferential rate from the province’s policy bank. The company built or operated a textile factory in Tịnh Phong Industrial Park, Sơn Tịnh District, positioning the site as a regional manufacturing and employment project. During its early operating period, Đại Cát Tường employed approximately 1,300 workers. The company later encountered sustained financial problems and began making losses. Labor relations deteriorated as the business struggled to meet payroll obligations. Strikes were reported from 2008, with unpaid wages identified as a central issue. These difficulties weakened the company’s ability to maintain production and service its financing. Production was suspended in 2010. After the shutdown, the bank involved in financing the enterprise attempted to sell the factory, indicating that the company’s financial and operating problems had become severe enough to threaten the continued viability of the original business. The available account does not provide a detailed restructuring chronology or identify the precise composition of the company’s product portfolio. After several years of losses, Vinatex acquired Đại Cát Tường for VND 39.876 billion. Vinatex presented the transaction as part of a decentralization strategy for its production network. Rather than concentrating manufacturing in established textile centers, the group sought to distribute production capacity geographically and make use of regional industrial facilities. Vinatex subsequently announced plans to invest about VND 50 billion in the factory. The proposed spending covered building renovation, new machinery, worker dormitories, and an expansion of employment to approximately 3,000 positions. These plans suggested an intention to rehabilitate the site and restore it as a significant textile employer in Quảng Ngãi. The reference material does not confirm the completion of the investment, the restart of production, or the company’s current legal and commercial status. Đại Cát Tường is therefore best documented as a Vinatex-acquired textile manufacturing operation with an uncertain present status.

• 2010

  Production suspended

  [3]Production suspendeden.wikipedia.org

  The factory stopped production after the company accumulated losses, and the financing bank attempted to sell the facility.

• 2008

  Strikes linked to unpaid wages

  [2]Company foundeden.wikipedia.org

  Worker strikes were reported from 2008 as the company experienced difficulty paying wages.

• 2005

  Company founded

  [2]Company foundeden.wikipedia.org

  Đại Cát Tường was founded in March 2005 with reported capital of VND 38 billion, much of it borrowed from the provincial policy bank at a preferential interest rate.

• Acquisition by Vinatex

  [3]Production suspendeden.wikipedia.org

  Vinatex acquired Đại Cát Tường for VND 39.876 billion as part of a strategy to decentralize textile production.

A regional Vietnamese textile manufacturing operation whose strategic importance has been associated with industrial employment, production decentralization, and the redevelopment of an underperforming factory.

• Textiles

  Textile manufacturing

  The company’s documented business is textile manufacturing carried out at its factory in Tịnh Phong Industrial Park. The available reference material does not specify particular fabric types, garment labels, technical textiles, or other named product lines.

• Vinatex acquisitionM&A

  Background

  The acquisition followed several years of losses, the suspension of production, and an attempted sale of the factory by the company’s bank.

  Action taken

  Vinatex purchased Đại Cát Tường for VND 39.876 billion and incorporated the site into its production-decentralization strategy.

  Aftermath

  Vinatex announced plans to rehabilitate the factory and expand employment, but the available source does not confirm whether the planned program was completed.

  Acquisition price. VND 39.876 billion

  Source

• Factory modernization planStrategy

  Background

  After acquiring the loss-making textile operation, Vinatex sought to restore the factory’s productive and employment capacity.

  Action taken

  Vinatex announced an investment of approximately VND 50 billion for renovations, machinery, worker dormitories, and employment expansion to about 3,000 workers.

  Aftermath

  The source does not establish the implementation status or the eventual production and employment outcome.

  Announced modernization investment. Approximately VND 50 billion

  Source

1. 1Đại Cát Tườngen.wikipedia.org
2. 2Company foundeden.wikipedia.org
3. 3Production suspendeden.wikipedia.org
4. 4Factory modernization planen.wikipedia.org