On July 9, 2025, the Civil Judgment Enforcement Department of Cai Rang District (Can Tho City) will enforce the seizure and sale of assets to enforce the judgment against Mai Linh Tay Do Joint Stock Company, located at No. 83, Ly Thai To, Hung Phu Ward, Cai Rang District. The seized assets are the cruise ship named MAILINH EXPRESS, with the IMO nickname/number XVTM3.
The estimated cost of the enforcement of the seizure is 20 million VND and Mai Linh Tay Do Joint Stock Company will have to bear this cost.
Previously, on May 21, 2025, the Civil Judgment Enforcement Department of Cai Rang District (Can Tho City) issued a Decision on compulsory seizure and handling of assets against Mai Linh Tay Do Joint Stock Company.
The seized assets are the passenger expressway named MAI LINH EXPRESS, 40 m long, more than 10 m wide, with a total engine capacity of 3,220 KW, built in 2019. The company is prohibited from transferring or transferring ships until the judgment is enforced or there is another decision from the judgment enforcement agency.
According to Judgment No. 60/2024/DS-ST, Mr. M.T (born in 1983, Co Do District, Can Tho City) sued Mai Linh Tay Do Joint Stock Company for violating a loan contract.
This verdict clearly stated that due to acquaintances, Mr. M.T lent Mai Linh Tay Do Joint Stock Company 1 billion VND, from August 14, 2023 to December 31, 2023, at an interest rate of 12%/year.
However, Mai Linh Tay Do Joint Stock Company did not repay principal and interest as committed. After being sued, this unit paid Mr. M.T 200 million VND, divided into 3 installments.
The verdict also said that despite being summoned several times, there was still a lack of reason.
It is known that the MAI LINH EXPRESS ship has been operating the Can Tho City - Con Dao (Ba Ria - Vung Tau province) waterway passenger transport route since 2021. However, the ship has been suspended many times, then resumed operations in 2022, 2024 and has continued to be suspended until now.
On May 26, 2025, the legal representative of Mai Linh Tay Do Joint Stock Company, Mr. Dong Ngoc Danh, had a record of agreement to repay the debt with Mr. M.T (the person whose sentence was carried out) witnessed by Executive Director Nguyen Tung Huy.
According to the agreement, within 15 days, Mai Linh Tay Do Joint Stock Company will fully pay the debt of more than VND 892 million and an interest rate of 1.5%/month for the amount of late payment for enforcement.
