The company said that they would temporarily stop offering passenger services starting at 5 am on October 29 until further notice. Customers who had bought tickets for these routes would get a refund.
However, they would still provide freight services.
The move came after local authorities recently launched an investigation into the company's operation after one of their drivers caused a serious traffic accident leaving five dead on September 30.
According to the police investigations, the accident occurred when the bus driver, Hoang Van Tinh, 37, was speeding. He had no driving licence when the accident occurred. His licence had recently been revoked for three months for speeding. Tinh was arrested.
Investigations also found that the Thanh Buoi Company had many violations in their service operations and safety measurements.
Following the sudden suspension of the company, the HCM City Transport Department has worked with the Mien Tay Bus Station to arrange some other buses to meet travel demand.
Speaking with Dantri/Dtinews, the deputy director of the Mien Tay Bus Station, Tran Van Phuong, said that Thanh Buoi was operating 32 trips with about 650 passengers from HCM City to Can Tho daily.
"We've arranged four other bus firms to serve passengers on this route after Thanh Buoi halted operation," Phuong said.
Established in 2000, Thanh Buoi is a major transport service provider in the southern region which operates routes connecting HCM City, the Mekong Delta city of Can Tho, and the Central Highlands city of Dalat.
