Vietnam pangasius processor faces bankruptcy

The jobs of thousands of workers at the Can Tho-based Binh An Seafood JSC (Bianfishco) are on the line after many were laid off “temporarily” by the company which faces possible bankruptcy.

The management announced earlier this week that the workers would be laid off during 5 to 12 March since “it cannot buy fish for processing since banks have refused to release funds.”

Meanwhile, the company’s president and CEO, Pham Thi Dieu Hien, has gone abroad for “treatment of an incrurable disease,” according to her husband and new CEO, Tran Van Tri, who spoke to the media in Can Tho yesterday.

Click here to read the full story from Viet Nam News > 

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