Vietnam

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Ministry of Justice

Competition authority: Vietnam Competition Authority

Financial regulator: State Securities Commission (SSC)

IFLR1000 ranking categories: 

Financial and corporate (published October) – Banking and finance, Capital markets, M&A, Project development

Jurisdiction overview

Vietnam is an ex-colony of the French empire and the two countries have strong ties, with the legal market no exception. The legal system is based on socialist legal theory and is influenced by the French civil law system, as a result French law firms have a clear presence in the market.

The market is a mix of local practices, Mekong regional outfits and international firms. Cooperation among local law firms reached another level when five local legal practices in Vietnam combined to create the LawTeam Alliance in August 2015 to facilitate further development of the legal market through training and sharing of resources. 

Some other local firms formed alliances with global names, such as Frasers Law Company with Herbert Smith Freehills and LVN & Associates with Watson Farley & Williams, replacing its alliance with Orrick Herrington & Sutcliffe. 

International firms present in the market include the likes of Freshfields Bruckhaus Deringer, Baker & McKenzie, Allen & Overy and Allens, while others such as Clifford Chance, DLA Piper and Shearman & Sterling adopt a fly-in-fly-out approach rather than committing to an office on the ground. 

The country is becoming friendlier towards foreign investment following amendments to Vietnam’s enterprise and investment laws, and talks to sign the Trans Pacific Partnership (TPP) and free trade agreement with the European Union. If successful, international companies will be able to invest in the country through simplified procedures.

Candy Chan - Journalist - Asia-Pacific

Financial and corporate
ACSV Legal

ACSV Legal has a focus on M&A and typically caters to clients from Southeast Asia. The firm advises on cross-border transactions such as strategic alliances, public and private acquisitions, mergers, joint ventures, and corporate restructurings. 

The firm has acted for numerous domestic and foreign clients across a variety of industries including healthcare, food and beverage, hospitality, gaming, manufacturing, and consumer goods.

Interesting work includes advising Ortholite Vietnam in acquiring land located at VSIP II to set up and develop a new manufacturing facility in Vietnam; and acting for L Concepts in the acquisition of the Scoozi Italian Restaurant Company.    

Key clients include CMG Asia, L-Concepts group and Ortholite.    

Client feedback

"Very quick responses and deep knowledge on M&A." – M&A

"Mark and his team are perfect partners for us. I would not hesitate to recommend ACSV to any of my friends or colleagues. Mark's team is particularly knowledgeable on cross-border private equity structuring and transactions." – Private equity

 

Allen & Overy

Allen & Overy advises on both international deals and those involving local law. They are particularly strong in project development and capital markets. Industries that the firm is active in include power and banking. 

The firm helped Marubeni Corporation and Korean Electric Power Company with the first competitive independent power plant bid in Vietnam. It also advised as local counsel for Thai Beverage on Vietnam’s largest merger to date with Sabeco. Additionally, it advised for Citigroup, Deutsche Bank, Credit Suisse, and Saigon Securities as underwriters on Vietnam’s largest IPO to date.

Key clients include Citigroup, Deutsche Bank, Thai Beverage, and Korean Electric Power Company.

Client feedback

"Allen & Overy Vietnam offers high quality legal services with sound solutions. They are always responsive to any query from us." – Capital markets, M&A

"Great practice and the best in class in the country." – Capital markets

"Excellent local practice and expertise supported by international standard service." - M&A

"Outstanding local expertise which is reinforced by Allen & Overy global network." - Project development

"The firm has strength and experience in project finance for IPP business, especially under the JBIC Overseas Investment Loan scheme. They also have good experience in Vietnam." - Project development

 

ATS Law Firm

ATS Law Firm is a full-service law firm best known for its M&A practice. The firm’s banking offering includes regulatory compliance, project finance, mortgage banking and loans.    

Recent highlights include advising the Bank for Investment and Development for Cambodia and the Bank for Investment and Development of Vietnam on the financing of a hydropower plant in the Quang Nam province, Vietnam. Additionally, the firm advised a real estate company on loan agreements in relation to the construction of a housing complex in Nha Trang, Vietnam.

Audier & Partners

Audier & Partners is most active in corporate M&A followed by its project development practice. The firm is able to advise on cross-border deals as it has locally and internationally (European) qualified lawyers.

Much of the deals the firm is instructed on are within the real estate and infrastructure sectors. The firm has worked on various hotel development deals, including working for Accor, as well as mass transportation projects in Hanoi and Ho Chi Minh City. Additionally, it has worked with several consumer product and retail companies such as the sale of the major Vietnamese food retailer, Big C, and restructuring deals in various industries. 

Key clients include Accor, Central Group, Casino Group, and the French Development Agency. 

Client feedback

"When we requested them to provide us with very prompt advice, they were flexible in their way to respond enough to meet the deadline, which was very helpful. The fee standard is quite reasonable." – Financial services regulatory

"Strengths: Very quick turnaround, accuracy, precision and firm on their opinion. Weaknesses: only Vietnam centred." - Project development

Baker McKenzie

Baker McKenzie has been especially with M&A, the area in which it is most highly regarded. 

The firm is heavily involved in work in the renewable energy, real estate, and manufacturing sectors. In real estate, it advised Hemaraj Land and Development in a developing industrial and township zones. It also advised in the sale of a local pharmaceutical company, Davipharm, to the Polish pharmaceutical company, Adamed Group. Additionally, it helped with a significant wind farm development project between Mainstream Renewable Energy, GE Energy, and Phu Cuong Group. While the firm has advised on cross border transactions, on a significant number of deals it acted as local counsel.  

Key clients include Mainstream Renewable Energy, Novus Aviation, and BNP Paribas. 

Client feedback

"Strengths: Able to give advice based on practical considerations, knowledgeable on real estate and quick response. Weakness: Drafting in English may be weaker." – Banking and finance

"The team is small but quite efficient in terms of delivery. However, looking at the Vietnamese market, B&M should boost their practice with another experienced M&A Partner level hire." – M&A

"Professional, good connections and excellent knowledge of Vietnam and the market." - Project development

 

bizconsult

With strategically located offices in Hanoi and Ho Chi Minh City, bizconsult Law Firm is especially active in M&A and restructuring and insolvency.

The firm’s client list includes banks and financial institutions, multinational corporations, foreign funds and asset investment companies, and state-owned corporations. 

A recent standout deal saw the firm assist in the restructuring of a firm operating various restaurant franchises.

 

Duane Morris Vietnam

Duane Morris Vietnam offers services in banking and finance, capital markets, M&A and project development. The firm has advised clients in a wide range of sectors including healthcare, technology, insurance, automotive, oil and gas, and real estate. The firm often caters to mid to large-sized foreign companies and investment firms from Japan, US and Europe.

In M&A, the firm advised Mulwarra Export on the acquisition of business assets from a Vietnamese food distributor. Another interesting example saw the firm assist Yellow Star Investment 22 with the acquisition of a minority stake in a Vietnamese private dental and healthcare services company.

In terms of projects, the firm is known primarily for projects involving renewable energy and also takes on work in oil and gas, mining, shipping, real estate, construction and telecommunications. In a recent standout deal, the firm advised Sembcorp Utilities on the implementation of the largest gas-fired power station in Myanmar to date.

Key clients include Sembcorp Utilities, PROLiGNIS Energie Consulting, TCP Asia Pacific and Greencells Group.

Client feedback

"Duane Morris is highly responsive and very reliable." – M&A

"Duane Morris Vietnam is a highly accredited legal firm in the specialised renewable energy sector. The firm is focused on all aspects of this sector ranging from regulatory, governance and many corporate matters such as drafting of MOU between client and local investor, advisory work on M&A including drafting of SPA, legal due diligence, and so forth.  The key partner in this firm, Giles Cooper, is instrumental in providing valuable support and advice in all these aspects, including connecting clients to the right partners in this specialised sector as and when requested. He drives the firm forward by delivering and executing as a world class lawyer with a first class support team equipped with integrity, transparency and professionalism. The team led by Giles is highly credible and well respected by the client and all the key partners associated with the client." – Project development  

 

EPLegal

EPLegal often acts as local counsel on deals which require specialised sector knowledge and a good understanding of Vietnamese law. For example, its expertise in aviation allows the firm to take on various aviation financing deals. The firm is particularly strong in project development where a detailed comprehension of local law is vital.

The firm is active in aviation, manufacturing, and energy industries. In two deals, the firm advised on the financing of several aircrafts with Vietjet Air and Angelica Aircraft Assets, demonstrating its expertise in aviation law. A notable deal in the energy sector was with Cathay United Bank which it advised on loan syndication to finance a large energy project. Much of its work involves assisting clients in obtaining the necessary approvals and licenses for infrastructure development, such as with Xuan Energy Joint Stock Company on the development of its cement factory.

Key clients include Saigon Offshore Fabrication & Engineering, Cathay United Bank, Vietjet Air, and Angelica Aircraft Assets.

Client feedback

"EP Legal staff is professional, prompt and goes the extra mile for the customers. For example, there were cases when they even helped us look for an office by doing the research and joining this quest. Even when they do not have the answers, as these are not related to their activity, they provide their best solution to the problem."  - Project development

Frasers Law Company

Frasers Law Company has been active on financial and corporate deals and especially active in project development. On many of its deals, the firm advised on multiple aspects of the deals, for example on the financing and development of projects. 

Industries the firm is especially active in include power, banking, and consumer products. It has advised various clients in several large-sized mergers. It has also advised a large retail chain in loan restructuring as it moved to expand its operations. Additionally, the firm has led on many energy projects as well as infrastructure developments of a significant size.  

Key clients include Vietnam Infrastructure Limited, Limes Renewable Energy, Risen Energy Co. 

Client feedback

"Very professional." - Investment funds

"Excellent client service, availability and commercial approach."  - M&A

"My legal colleagues in Korea headquarter and I, as the company's counsel in Vietnam, were very pleased with the quality of service provided by M&A team of Frasers in Vietnam. Knowing that the client was in very tight schedule, the M&A team, led by Dr Nguyen Thi Lang, always responded to our inquiries quickly in an informative and useful way, regardless of the long-holiday in Vietnam. We have recommended Frasers to our subsidiaries and affiliates in Vietnam because of our satisfaction with their service." – M&A, Capital markets

"Very professional and quick response." – M&A

Mark Fraser

"Thorough and detailed advice."

"He is very approachable and responsive. He applies his knowledge to provide a practical and commercial approach."

"Very professional knowledge and advice."

Thi Lang Nguyen

"She understands our needs and the nature of our business very well. Together with her expertise, she provides us with precious advice with innovative solutions even when she is under heavy time pressure. We do appreciate that help."

 

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer has undertaken some of the largest deals in the Vietnamese market, particularly in M&A and finance. The firm has expertise in local in addition to its international law. 

The firm has been active across all practice areas. It has been involved in a number of deals in the power sector transactions, such as the Mong Duong Project 2 Power Project, the largest private sector power project in Vietnam. Another active sector for the firm has been banking. One notable deal was representing Anheuser-Busch on Vietnam’s largest privatisation to date.  

Key clients for the firm include Anheuser-Busch, Hewlett Packard, Honda, HSBC, Credit Suisse, and Deutsche Bank. 

Client feedback

"Excellent support when initiating investment and ongoing legal advice."  - Project development

"Professional and competent." – Capital markets, M&A

"The firm is very experienced in M&A and are very professional. They are familiar with the internet and Fintech industry, which is new in the Vietnamese market, and have well-balanced seller's and buyer's perspectives." – M&A

"Very responsive and knowledgeable about business and its legislation and regulations in Vietnam. Although, quality control of documents prepared by junior staff could be improved." – M&A

 

Hogan Lovells

Hogan Lovells is relatively new to the Vietnamese market, but has engaged in several large deals. It is strong in banking and finance and project development. 

The firm has been active on cross-border deals, especially in the power and banking. It has been advising on financing deals, most notably for the Japan Bank of International Cooperation on the largest independent coal-based project in Vietnam, Van Phong I.

Key clients include Conergy, Japan Bank of International Cooperation, Under Armour, and IBM. 

Client feedback

"With offices in Ho Chi Minh City and Hanoi, Hogan Lovells have impressive project finance and corporate M&A practices in Vietnam. Led by Samantha Campbell, they are able to leverage on their unparalleled international network and strong grasp of local laws and regulations to provide clients with sound practical advice and first class service." – M&A, Banking and finance

"We engaged Hogan Lovells in Vietnam to assist with certain project development and EPC-related work in the renewable energy (solar) sector. The HL team was able to help us navigate the complex Vietnamese legal landscape, negotiate with counterparties and prepared easy-to-understand advices/memos on legal issues. I appreciated the team's willingness to provide prompt and comprehensive feedback and advice on our potential actions. HL were also very cost-conscious and encouraged us to work with a legal service provider to complete various bureaucratic processes (but HL remained the key point of contact and helped oversee the processes). The HL team was led by Samantha Campbell and our key Vietnamese lawyer was Huynh Long." - Project development

 

 

Indochine Counsel

Indochine Counsel is strongest in M&A and is active in sectors including agriculture, real estate and transportation.

Examples include advising Cityclinic Vietnam in its takeover of a polyclinic, and acting for Viet Thai Trading and Service Technology in the transfer of its shares and business to a foreign investor.

Staffing changes saw the departure of Truong Hoai Nam and Nguyen Chi Trung.

 

 

Lexcomm

Lexcomm Vietnam is a full-service law firm with branches in Hanoi and Ho Chi Minh City. The firm is best known for its projects work and also practices in banking and finance and M&A.

In banking, the firm has experience in acting for both the sponsor and lender on matters such as project finance, asset finance, leveraged and acquisition finance, and corporate finance.

A recent M&A example saw the firm advising Daiwa Securities in its proposed acquisition of shares in SSI, a securities firm listed on the Ho Chi Minh Stock Exchange. Additionally, the firm acted for the shareholders of Netco in a proposed divestment of its majority shares.

In the projects space the firm is focused on energy and infrastructure and acts across a broad spectrum of upstream, midstream, power, petrochemicals, and mining exploration projects.

Key clients include BNP Paribas, Uber, Pan Pacific Petroleum, Daiwa Securities, BIDV MetLife Life, Premier Oil Vietnam, Sojitz Corporation and VP Bank Finance Company.

Client feedback

“I find Lexcomm to be responsive and always willing to go the extra mile.”- Banking and finance

"High quality practice with dedicated and committed practitioners. Relatively new firm but the partners have long term experience." – M&A

"Lexcomm Vietnam is one of the best law firms that we have worked with in the last three years. The firm provides very good legal advice to our company and helped us deal with several EPC contract related disputes with a Japanese Contractor. We are quite satisfied with its legal advice." – Project development

"We have been working with several law firms—both local and international—to get advice on various matters of our operation, and I found Lexcomm and Pham Ba Linh's services to be professional and customer focused in comparison to the others. We have an upcoming business that requires legal advice and Lexcomm and Linh are our first priority in list of the law firms we will be considering to be our legal consultant for the deal." – Project development   

Pham Ba Linh

"Service minded, knowledgeable and professional."

"Top quality, particularly in oil & gas and energy."

"Thoughtful, helpful and energetic. He seems to be keen to make a name for himself."

Viet Ha Nguyen

"Intensive experiences in construction projects and EPC contracts, project financing and telecommunication."

 

LNT & Partners

LNT & Partners has a diverse practice with experience in banking and finance, capital markets, M&A and project development. It also has offices in Hanoi and Ho Chi Minh City.

In banking and finance, the firm is best known for its project finance work and handles significant cross-border project finance transactions between countries including Vietnam and Singapore, Korea, Japan and the US.

In terms of M&A, the firm has advised on several cross-border transactions originating from countries such as Singapore, Japan, Korea and Thailand. The firm counts high profile companies such as Samsung among its clients.

Key clients include VietcomBank, the Military Bank, Bank for Investment and Development of Vietnam, Standard Chartered Bank, Australia New Zealand Banking Corporation, United Ocean Bank, and Oversea-Chinese Banking Corporation.

Client feedback

“Generally, the firm is professional and provides good client service. The team is dedicated and can deliver under tight deadlines. The staff are highly proficient in English which makes communication easy. The firm also has good connections with local government agencies to help facilitate meetings and filing of documents. Having offices in both Ho Chi Minh and Hanoi is also helpful as we employed both offices for our project.”- Capital Markets

"We were impressed by its activeness and positivity, especially its legal knowledge and practical experience in real estate. We would recommend its professional services with deep knowledge not only on legal matters but also in negotiations." – M&A   

Anh Tuan Nguyen

"He is very well versed in the laws and regulations relating to the pharmaceuticals industry in Vietnam. He understands commercial needs and constraints and provides us with practical advice. From what I gathered, he is serving many multinational pharmaceutical clients in Vietnam and is a well-recognised authority among Singapore lawyers. He can attend to t-con or calls at short notice."

Net Le

"He was adaptable to requests of customers and highly responsible in his service. His deep knowledge in applying laws to practice was admirable."

 

Mayer Brown

Mayer Brown JSM’s office in Vietnam works in coordination with its Hong Kong and Singapore offices, allowing it to take on a significant number of deals. The firm is strongest in lending and debt finance and has been active on syndicated loans and debt issues. 

One interesting M&A saw the firm advise Standard Chartered Bank on the divestment of 15% in the Asia Development Bank. It also advised one of the largest Vietnamese military petrochemical companies, Mipec, on its largest bond offering in the country. Also important to note are the numerous solar power transactions the firm worked on recently.

Key clients include Standard Chartered Bank, Bank for Investment and Development of Vietnam, BNP Paribas, and JP Morgan.

Nishimura & Asahi

Nishimura & Asahi is the first Japanese law firm to establish operations in Vietnam and is noted for its M&A practice.

During the research period, the firm acted mainly on the buyer side and took on clients from a variety of industries including real estate, consumer goods, technology, manufacturing, fisheries and aquaculture.

Key clients include Japan International Cooperation Agency, Ministry of Economy Trade and Industry, and Japan Oil Gas and Metals National Corporation.

Client feedback

“Good team work with deep knowledge and experience in Vietnam. It has reliable local partners who keep good relationships with the authorities concerned.”- M&A

“It’s able to provide legal services in Japanese, and has deep experience in supporting Vietnam affiliated Japanese companies.” - M&A

“It was completely professional. It was very familiar with the local law and provided specific solutions for our tasks." – M&A

"We are especially indebted to Kazuhide Ohya. He has the ability to see through the risks, and he is also good at proposing preventive measures. More than anything, he works with precision and quickness." – M&A

“It always provides a professional service and solutions quickly. The cost is a little bit high but we are very satisfied with its work.”- Project development, M&A

"Experienced Japanese lawyer and Japanese speaking Vietnamese staff are well capable of advising Japanese firms and coordinating with foreign visitors. Offices both at Hanoi and Ho Chi Minh are well connected to each other.” – Project development

Taro Hirosawa

"Excellent for us."

Shiro Muto

"Enough knowledge about the local market."

"Experienced and has a relationship with governmental institutes."

Hikaru Oguchi 

"Deep expertise in Vietnam practice."

"Provides us with professional work."

"Excellent."

Kazuhide Ohya 

"He is very familiar with the local law."

"He has the ability to see through the risks, and he is also good at proposing preventative measures. More than anything, he works exactly and quickly."

"Knowledgeable. There are no weak points."

Maria Glenda Ramirez

"Excellent and quick research ability."

PLF Law Firm

PLF Law Firm has a focus on banking and finance and M&A. In 2017, PLF entered into an association with LawPlus, a firm active in Thailand and Myanmar.

In the past year, the firm took on work in sectors such as energy, technology, industrials and manufacturing. Highlights include assisting Cat Thai, a repeat client, in establishing a joint venture organisation with a Singaporean investor and advising Siam Brothers on selling shares to Smart Investment Joint Stock Company.

The firm welcomed Alex Ho Thanh from Leganov to its corporate and banking teams.

Key clients include Khai Hoan, Schade, Cat Thai, Siam Brother and Shinsung Eng.

Rajah & Tann LCT Lawyers

Rajah & Tann LCT Lawyers has experience in banking and finance, M&A and project development.

Real estate and technology have been primary areas of focus during the research period.

Notable work includes advising Sumitomo Forestry on its investment in An Cuong Woodworking; assisting Naked Group in forming a joint venture with Gaw Capital; and acting for NIBE Industrier in its acquisition of BriskHeat Corporation.

The firm strengthened itself with the hire of Chi Anh Tran from Baker & McKenzie as a partner.

The firm has attracted a significant number of clients from Japan such as TYO, Toshiba, Itochu, Sumitomo Forestry, Sumitomo Chemical and Marubeni. Other notable clients include Mapletree, Keppel Land, Country Garden, China Fortune Land Development and the Chiap Hua Group.

 

Tilleke & Gibbins

One of the first foreign firms to establish operations in Vietnam, Tilleke & Gibbins is strongest in M&A and project development and also offers advice in banking and finance.

In banking and finance, the firm usually advises local and foreign banks, securities brokers and dealers, investment firms, and other financial institutions on matters including licensing and establishment, regulatory compliance, financial instruments, and restructuring.

The M&A team provides advice on matters related to mergers, acquisitions, joint ventures, and other vehicles for equity investment. The firm’s regional strength, with offices in various Asean countries, allows it to effectively handle cross-border transactions and has become increasingly active in the renewable energy sector. A significant deal saw the firm advise FMC Corporation on its global asset swap with DuPont.

The corporate team was hit by the departures of Jim Dao to Techcombank and partner Michael Lee to Dilinh Legal. 

Key clients include Skrine, AVX Corporation, Spring Partners and Crown Equipment.

Client feedback

“Excellent response time and good partner involvement. Slight concern that basic advice and non-expert work being rendered by a partner level lawyer when an associate would be sufficient and more cost efficient. Command of English by lawyers working with us was excellent when compared to other local firms we have worked with before.”- M&A

"Very satisfied with the overall services provided. Easy to communicate with, demonstrated attention to detail, always reliable and on time with the requested deliverables. Available for clarifications and further support as needed." – Project development

 

VCI Legal

VCI Legal is known for its banking and finance and projects work. The firm typically acts for banks, corporations, investment funds, private equity funds and financial institutions on matters including debt financing, syndicated loans, acquisition financing, credit facilities, investment fund structuring, and public-private partnership (PPP) work.

In banking, the firm advised Meridian Capital on providing financing to VNPT for a telecoms project. The firm also acted for National Power Transmission Corporation on a loan from Asian Development Bank to expand the power transmission network throughout Vietnam.

Notable M&A work includes advising Sime Singapore on its acquisition of Europe Automobiles Company and Performance Motors Vietnam, and assisting El Willy Group with the acquisition of a restaurant business in Vietnam.

On the projects side, the firm advised Asia Infonet on investing in a solar energy project in Vietnam.

Key clients include MFT Group, Meijitsu Vietnam, National Power Transmission Corporation, Vinalines Group, and Vinh Hoi Resort.

Venture North Law

Venture North Law provides advice on matters relating to corporate and M&A.

Notable work includes advising a syndicate of lenders in providing funding to KKR for the acquisition of shares in Masan Nutri Science. Other significant work includes advising DNP Water on a loan from IFC.

Staffing changes saw Ha Thi Dung from Mori Hamada & Matsumoto join the firm.

VILAF

VILAF is a local firm that often acts as local counsel on high-value, international deals in Vietnam. It is particularly active on local project development, capital markets, and financing deals. 

The firm has been active on project work. It has advised in projects such as Nghi Son 2 Thermal Power Project, advising Marubeni Corporation and Korean Electric Power Company. It also has helped with the financing of the same project.

Additionally, it advised Credit Suisse, the lead manager for convertible bonds issued by Novaland. 

Key clients include Credit Suisse, Standard Chartered Bank, Marubeni Corporation, and Korean Electric Power Company. 

Client feedback

"Detailed responses." – Banking and finance

Dang Duong Anh

"Detailed, responsive and has in-depth knowledge."

Vision & Associates

Vision & Associates is active across the financial and corporate spectrum.

The firm’s banking team provides advice on matters including the establishment of financial organisations, syndicated bank lending, contractual documents, and project finance. A significant deal saw the firm assisting Doha Bank in establishing a permanent representative office in Vietnam. In a high-value deal, the firm acted for the China Development Bank on a loan to the Bank for Investment and Development of Vietnam.

In M&A, the firm advised Southeast Asia Packing on the acquisition of all assets of the Sun Artwork Company. Elsewhere, the firm assisted Bibomart with the restructuring of its systems, assets and business operations.

In the project space, the firm is active in sectors such as transport, logistics, real estate and energy.

Key clients include AIG, the World Bank, Baker Hughes, Mobifone, Chevron, and New Port Sai Gon.

Watson Farley & Williams in association with LVN & Associates

Watson Farley & Williams covers banking and finance as well as project development in Vietnam, where it acts as both international and local counsel. 

The firm has worked on a number of power projects. These include a significant number of coal and solar power plant deals, including Nghi Son 2 and Song Hau 2. 

Key clients include Vietnamese Ministry of Industry and Trade, Citibank, and PetroVietnam Technical Service Cooperation. 

Client feedback

"All of the firm's lawyers are very capable, and my overall impression of the firm is extremely positive. The team has demonstrated to me their ability in advising large-scale cross border power projects smoothly. We were able to get reliable advice on a local level with LVN, and WFW provided an international perspective. Their strong network across the globe, particularly Asia, and thorough understanding of the market environment in Vietnam is also helpful for information exchange. They often provide very good insights on what other markets or other players in Vietnam are up to. With their deep knowledge in the field, the team is very keyed into aspects of Vietnamese power projects, including the energy sector, that other global firms have not tapped into. They were able to provide us high quality advice on all stages of the energy project. Their industry knowledge and experience of advising on government mandates enable them to devise and implement suitable legal advice more quickly than other law firms. They have also demonstrated to us the ability to save time and money by focusing on the key issues of each projects. Linh Doan understands very well how various agencies in Vietnam work, which makes a difference with other players in the market." - Project development

"Professional and strong industry sector legal knowledge. Effective and efficient. Good strategic advices." - Project development

 

ZICOlaw

ZICOlaw in Vietnam is recognised for its strong work in banking and finance and M&A.

The banking team caters to a variety of local and foreign clients such as banks, financial institutions, insurance companies and hedge funds on matters including project finance, corporate finance and Islamic finance.

On the corporate and M&A side, the firm has a special focus on real estate and advises on matters such as mergers, acquisitions and joint ventures.

Staffing changes to the corporate team saw the departure of managing partner David Lim for HongKong Land, while the team gained co-executive partners Kevin Hawkins from VILAF and Tay Zi Li from ZICOlaw Malaysia. In February 2017, the managing partner of Garnet Law, Phuc Nguyen, joined the firm along with his team of five associates.