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A promising feature of the market is that the Vietnamese government has continued to push a legislative agenda aimed at increasing foreign investment. Recent measures include the implementation of new laws on enterprise and investment, the lifting of some restrictions on foreign ownership of residential properties and the ratification of the Trans-Pacific Partnership. These developments have triggered a surge in M&A activity as well as increased interest in the local real estate market from foreign investors, notably those from other Asian countries. IP and TMT lawyers have also benefited with more multinationals establishing businesses in Vietnam. In dispute resolution, the Vietnamese International Arbitration Center is gaining in credibility, leading to more cases being heard under its rules. One area of relative stagnation is banking and finance as the sector continues to recover from the financial crisis and liquidity issues faced by a number of Vietnamese banks in recent years.
Firms in the spotlight
Lexcomm Vietnam LLC
Lexcomm Vietnam LLC (“Lexcomm”) is a premier full-service corporate and commercial law firm with key legal practitioners spread across our Hanoi and Ho Chi Minh City offices. We are a significant legal force in this emerging market, and our clients value the depth of our Vietnamese law capabilities. As a national law firm, the firm takes pride in the ability to build long-term working relationships with a diverse and expanding Vietnam and international client base with sector focus.
With over 20 years of experience in Vietnam, VILAF is one of the largest law firms in Vietnam and consistently ranked as a first-tier law firm by The Legal 500, IFLR1000, ALB, and Chambers. VILAF has been present in complex cross-border M&A deals, large financing and capital markets transactions and major infrastructure and energy projects in the country. Among the firm’s long-term clients include Shell, Mizuho Corporate, Sumitomo Corporation, Phillip Morris, BNP Paribas, and Siam Cement Group, among others.
RHTLaw Taylor Wessing Vietnam
RHTLaw Taylor Wessing Vietnam, a leading law firm, offers clients access to a network of over 1,200 legal professionals across 30 offices in Asia, the Middle East, Europe and the United States of America via the firm’s membership with the Taylor Wessing group. The firm traces its beginnings to 2005 when a team of experienced Vietnamese lawyers came together to set up what was formerly known as PBC partners. A subsequent joint venture in 2016 with the sixth largest law firm in Singapore, RHTLaw Taylor Wessing, led to a brand relaunch and the firm became known as RHTLaw Taylor Wessing Vietnam.