Stop transferring assets with Vinh Thong Company

Nam Dương |

Because Vinh Thong Company had not properly paid wages to workers, the enforcement of the judgment issued a decision to temporarily suspend the exit of the representative according to the law and temporarily suspend the change of assets of the enterprise, to ensure the obligation to enforce the judgment.

Not properly implementing court judgments and decisions

Talking to Lao Dong Newspaper reporter on December 4, Mr. Le Van Thuan - a former worker (CN) of Vinh Thong Production and Trading Service Company Limited located in Tan Binh Industrial Park, Ho Chi Minh City (Vinh Thong Company) - said that he was late in paying his salary in December 2024 and January 2025 with an amount of more than 14.1 million VND and late in paying social insurance (SI).

According to the decision to recognize the agreement of the litigants issued by the People's Court of Region 9 (which has come into legal effect), Vinh Thong Company must pay the full amount of unpaid salary to Mr. Thuan by November 30, 2025 at the latest. However, up to now, Vinh Thong Company has not properly executed the court's verdict, but has only paid Mr. Thuan's "little drop" 3 times, each time 1 million VND in unpaid salary.

Many other workers whose salaries are owed by Vinh Thong Company are also in a similar situation, in very difficult circumstances.

Mr. Pham Van Hien - Deputy Director of the Legal Consulting Center, Ho Chi Minh City Labor Federation - said that according to the recognition decisions and judgments of the People's Court of Region 9, Ho Chi Minh City, by September 25 and October 30, Vinh Thong Company must pay 35% each time and on November 30, will pay 30% of the total salary owed to employees. However, Vinh Thong Company has not properly executed the judgment, but has proposed to " deadline" the repayment period of employees' wages.

"We are determined to require the company to pay salaries in accordance with the judgments and decisions of the People's Court of Region 9. Paying salaries in accordance with the judgments and decisions of the People's Court of Region 9 not only reduces difficulties for employees but also ensures that the law must be enforced in practice. The authorities need to require the company to seriously implement the decisions and judgments of the Court because currently, through monitoring and grasping the situation, Vinh Thong Company is still operating normally," said Mr. Hien.

Temporary suspension of exit, temporary suspension of transfer of ownership of company assets

Recently, the Civil Judgment Enforcement of Area 9, Ho Chi Minh City has decided to temporarily suspend the exit of Mr. Vo Hoang An, Chairman of the Board of Members of Vinh Thong Company to ensure the fulfillment of the obligation to pay salaries to employees according to the judgment of the People's Court of Area 9.

According to this decision, the temporary suspension of exit will only end when Vinh Thong Company and Mr. Vo Hoang An have fulfilled their obligations to pay wages and social insurance to employees according to the verdict of the People's Court of Region 9, Ho Chi Minh City.

Along with that, the Civil Judgment Enforcement of Area 9, Ho Chi Minh City issued a decision to temporarily suspend registration, transfer ownership, and change the current status of assets for Vinh Thong Company. This decision was based on the verdict of the People's Court of Region 9, Ho Chi Minh City and found it necessary to prevent the act of transferring ownership, dispersing, destroying, and changing the status of assets of Vinh Thong Company.

According to this decision, the property whose registration, ownership transfer, and status change are the land use rights of 7,400m2 in Tan Binh Industrial Park, Tan Thanh Ward, Ho Chi Minh City, where the company is headquartered.

Nam Dương
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