Over the past few days, several branches of the Vietnamese restaurant chain Mon Hue have been shut down while the company's headquarters were left unexpected as more than 100 vendors were searching for the company's members to recover outstanding debts.
Mon Hue is the oldest of nine restaurant brands owned by Huy Vietnam's parent company, Nha hang Mon Hue Co., Ltd.
Founded in 2006, at the time, Huy Vietnam expressed its ambition to become one of Southeast Asia's leading and largest self-managed food and drink companies.
Since then, the company has grown its business to include over 200 restaurants across the country, with Mon Hue representing half of the outlets.
In 2016, after successfully raising funds from foreign investors, Huy Vietnam became a 100% foreign-invested firm.
The new certificate of business registration reveals that Huy Vietnam, Ho Chi Minh City, is wholly owned by Huy Vietnam Ltd. in Hong Kong.
A handful of Mon Hue restaurants in Ho Chi Minh City have stopped running for days, Tuoi Tre (Youth) newspaperw was informed by neighbors.
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News and photo courtesy of tuoitre