Binh An Seafood Co (Bianfishco) will hand over its fish processing plant to the farmers to whom it owes hundreds billions of dong if it misses the payment deadline on 29 August, promised its acting general director.
The pledge was released after a brief meeting between the acting general director Nguyen Van Tri and representatives from dozens of farmers who pitched camps in front of Tri’s villa in the Mekong Delta city of Can Tho on Sunday, according to newswire Vnexpress.
The two sides also reached an agreement on the repayment so that the farmers will not gather at the villa to shout out via loudspeaker to demand the debts back.
Tri said the many of Bianfishco’s shareholders owe the debts, not just his family alone.
The company will take priority in repaying the debts to the farmers, Vnexpress quoted Tri as saying. The farmers sold their catfish to Bianfishco many months ago without being paid any money until now.
