Third time notice of forced seizure of Mai Linh Tay Do ship to settle debt

After 2 postponements for the parent company to reach agreements to repay the judgments, the Civil Judgment Enforcement Management Department (Civil Judgment Enforcement of Can Tho City) has just issued a third notice on the enforcement of judgment against the ship of Mai Linh Tay Do Joint Stock Company to enforce the seizure and sale of assets.

The Mai Linh Express passenger ship is anchored at Factory X55.

According to the notice signed on September 16, Can Tho City Civil Judgment Enforcement will proceed to forcibly seize assets of Mai Linh Tay Do Joint Stock Company (located on Ly Thai To Street, Can Tho City).

Accordingly, the seized and processed assets include the passenger ship Mai Linh Express, IMO number: XVTM3; ship length over 40m, width over 10m, total tonnage 48,666MT, year of construction 2019... Enforcement time is 8:00 a.m. on September 23, 2025. The ship is currently anchored at Factory X55 (Department of Logistics - Engineering, Navy) in Can Tho City.

The estimated cost of compulsory seizure that Mai Linh Tay Do Joint Stock Company must bear is more than 41 million VND. Previously (on June 12 and August 21, 2025), the Civil Judgment Enforcement Management Department also sent two notices of compulsory enforcement of judgment to Mai Linh Tay Do Joint Stock Company with the above content.

After two times, Mr. Dong Ngoc Danh, Director of Mai Linh Tay Do Joint Stock Company, submitted a request to postpone the enforcement. In the request, Mr. Danh said that the company is no longer able to operate and maintain the ship, and the ship's inspection has expired. The unit is currently receiving support from the ship's preservation investor and is reaching an agreement to pay the debt on behalf of the unit.

In addition, Mai Linh Express also receives funding from the Can Tho City Development Investment Fund, which is the capital of the Can Tho City People's Committee. In case of an incident, it may affect the fund's capital of over VND 31 billion. Therefore, Mai Linh Tay Do Joint Stock Company proposed to postpone the execution of the judgment until October 5, 2025 so that the company can negotiate with the investor and pay off the judgment debt.

It is known that Mai Linh Express has been operating the Can Tho - Con Dao passenger transport route since 2021. However, the ship has been temporarily suspended many times, then resumed operations in 2022, 2024 and has continued to stop until now.

On May 26, 2025, the legal representative of Mai Linh Tay Do Joint Stock Company, Mr. Dong Ngoc Danh, had a debt repayment agreement with Mr. MT (the person subject to enforcement) witnessed by the enforcement officer. According to the agreement, within 15 days, Mai Linh Tay Do Joint Stock Company will pay off the debt of more than VND 892 million and interest of 1.5%/month on the amount of late payment for enforcement.

VINH TUONG

Source: https://www.sggp.org.vn/lan-thu-ba-thong-bao-cuong-che-tau-cua-mai-linh-tay-do-de-xu-ly-no-post813378.html