Phong Tran

VILAF - Vietnam

Founding Partner


+84 24 3934 8530

Market leader


Bar admissions:




Practice areas:

Capital markets
Project development
Project finance

Industry sectors:

Construction and materials
Consumer goods and services
Financial services
Oil and gas
Technology and telecommunications

With 28 years’ broad experience in law practice, Phong has represented numerous international sponsors and lenders in relation to foreign invested projects in oil & gas, power, chemical, automobile, aircraft, sea-port, highway, telecommunication, insurance, real estate development, retail and distribution, and consumer goods industries. He is reputable in advising international businesses and banks on corporate restructuring and financing, share subscriptions, mergers and acquisitions transactions, ECA and syndicated financing, asset financing, and project financing in Vietnam.

Phong is recommended as a top-tier lawyer in the banking & finance and capital market practice (Legal 500, IFLR 1000 and Asia Law) and the M&A practice (Legal 500, Chambers Asia and ALB Asia). Who’s Who Legal recognised him as an expert in Energy and Aviation sectors and IFLR ranked him as an Asia Best Lawyer in four successive years from 2019 to 2022 (Vietnam top 4 lawyers). Legal 500 honoured him in the Legal 500 Asia Pacific Hall of Fame, among top 7 foreign and Vietnamese lawyers in this elite lawyer group for Vietnam. Phong is listed in the Vietnam’s top 100 lawyers list of Asia Business Law Journal and ranked ALB Asia's Top 15 M&A Lawyers 2021.

  • Advised Marubeni Corporation in relation to its transfer of equity capital in Nghi Son 2 BOT Power Project
  • Assisted an US investor in relation to its transfer of equity interest in a BOT Power Project in Vietnam
  • Involved in many other BOT and high-profile infrastructure projects in Vietnam including Omon II Gas Fired Power Project, Son My Terminal and Son My 2 BOT LNG to Power Project, Mong Duong 2 Power Project, Van Phong 1 Power Project, Nghi Son 2 Power Project, Nam Dinh 1 Power Project, Vinh Tan 3 Power Project, Vinh Tan 1 Power Project, Vung Ang 2 Power Project, Chevron - gas pipeline project, Premier Oil - gas transportation, Phu My 2.2 Power Project.
  • Advised Long Son Petrochemicals in relation to its financing via an US$3.2 billion syndicated loan to develop its Long Son Petrochemicals Complex in Ba Ria – Vung Tau province, Vietnam
  • Assisted Affinity Equity Partners in relation to its purchase of US$130 million worth of international convertible bonds issued by by Ho Chi Minh City Development Joint Stock Commercial Bank (HDB)
  • Advised Vingroup in its merger of Vincommerce retail chain business with Masan Group and back to back acquisition from GIC and Credit Suisse
  • Advised Vingroup in relation to their 144A rule international placement and listing on HOSE with the offer value of US$740M for Vincom Retail in 2017 and US$1.4B for Vinhomes in 2018
  • Advised many international lessors and lenders in their aircraft leasing and financing in Vietnam such as Macquarie, GECAS, AWAS, BOC Aviation, MG Aviation, DAE, Wings Capital Partners, etc.

  • Asset finance
  • Banking and capital markets
  • Competition
  • Investment funds
  • Corporate/M&A
  • PPP
  • Private equity
  • Project development/Project finance

  • Automotive
  • Aviation
  • Banking
  • Construction and materials
  • Consumer goods and services
  • Energy
  • Food and beverage
  • Healthcare
  • Natural resources
  • Oil and gas
  • Real estate
  • Tech and telecoms

  • AmCham
  • VBLC
  • VBF

  • LL.B, Hanoi Law University, 1995
  • LL.M, Tulane University (US), 2002