Twitter Logo Youtube Circle Icon LinkedIn Icon

Vietnam > Capital markets > Law firm and leading lawyer rankings


Who Represents Who

Find out which law firms are representing which Capital markets clients in Vietnam using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


Allen & Overy LLP handles transactions involving some of Vietnam’s largest businesses, and has notable expertise advising privately-owned companies selling their shares on the stock market and assisting with privatisations. In one of Vietnam’s largest IPOs to date, Duc Tran and New York-qualified senior associate Tina LeDinh advised VietJet on its floatation on the Ho Chi Minh City Stock Exchange, which raised $170m and valued the airline at $1.2bn; the IPO was undertaken with US-standard documentation in order to attract international investment. Tran and LeDinh also advised investors including Morgan Stanley, Saigon Securities and VinaCapital as consortium advisers to the State Capital Investment Corporation, which sold a 5.4% stake in Vinamilk to Fraser and Neave by way of block trade. Other areas of work include debt capital markets, and matters concerning international IPOs pertaining to Vietnamese subsidiaries.

YKVN handles a range of work, covering equity and debt capital markets listings in Vietnam and elsewhere. Truong Nhat Quang advised State Capital Investment Corporation on its sale of a 5.4% stake in Vinamilk for VND11.3tn through an auction process on the Ho Chi Minh City Stock Exchange to Fraser and Neave – a transaction that required special permission for the buyer to place its deposit at the start of the sale process in US dollars rather than Vietnamese dong. Quang and the Singapore-based K Minh Dang assisted GIC with its role as a cornerstone investor in a private placement completed shortly before VietJet’s listing, as well as advising the same client on a pre-IPO investment in Novaland. Debt capital markets work includes Quang advising the Vietnamese government on local law issues pertaining to the issuance of dollar-denominated bonds listed on the Singapore exchange, and assisting the Masan Group with a planned issuance of unsecured bonds in Singapore. Duong Thu Ha has expertise in high yield issuances. Vu Dzung and senior associate Pham Hai Ly advised Argo Nutrition on two bond issuances totalling VND2tn.

Baker McKenzie’s team is ‘knowledgeable, commercial and responds quickly to questions, sometimes beyond the scope of the work at hand’. Oanh Nguyen, who is ‘very knowledgeable and is able to give conclusive advice, even given the fluid nature of Vietnamese law’, and Linh Chi Dang advised investment banks including JP Morgan and BNP Paribas on VietJet’s IPO. Other work relates to derivatives.

Frasers Law Company advises a number of international investors on potential investments in state-owned companies as part of equitisation processes, as well as handling matters concerning offshore listings and transactions of stakes in listed companies. Justin Gisz, Mark Fraser and Nguyen Thi Lang are names of note.

Mayer Brown JSM is instructed in significant debt capital markets transactions. Hoang Anh Nguyen advised Vingroup on a VND3tn issuance of secured bonds guaranteed by a subsidiary of the Asian Development Bank. Nguyen also advised Kido Group on a VND1tn issuance. Senior associate Huong Thi Nguyen is also key name. The firm also advises banks on their roles in trillion-dong bond issuances.

Russin & Vecchi, LLC’s Mai Thi Minh Hang advises foreign banks such as Sumitomo Mitsui Banking Corporation, Bank of Singapore, Morgan Stanley, Nomura and UBS on derivatives trading matters.

Vilaf handles onshore and offshore bond listings, often but not exclusively for arrangers. Tran Tuan Phong and counsel Vu Le Trung, who are based in Hanoi, advised the BIDV as arranger of Becamex’s two-phase bond issuance, the first to the value of VND1.5tn, the second VND530bn; the pair assisted the same investment bank with a VND1tn issuance by Xuan Mai Corporation. The team also acted for Novaland Investment Group on its over VND1.5tn bond issuance.

Vision & Associates handles various Vietnamese legal issues regarding international capital markets matters. Pham Nghiem Xuan Bac and Dang Trong Hieu advise Franklin Templeton on a contemplated sale of securities via an off-exchange transaction. Other work relates to the Vietnamese law aspects of foreign listings, testament to this is Luu Tien Ngoc and Le Tuan Anh’s advice to Cheong Yun Holdings, which owns resorts in Vietnam, on its planned Hong Kong listing. Other clients include Mekong Capital, the Vietnamese Securities Depository and Duxton Asset Management.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Southeast Asia Teams

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Vietnam

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Law On Price by Dr. Nguyen Anh Tuan, LNT & Partners

    On 6/20/2012, the National Assembly voted to adopt the Law on Price (the "LOP") in response to the public demand for an effective legal framework to control price manipulation from dominant enterprises such as gasoline, electricity, etc. The law will take effect from 01/01/2013 and repeal Ordinance No. 40/2002/PL-UBTVQH10 dated 26/4/2002 of the National Assembly Standing Committee (the "Ordinance"), which is conceived as outdated and containing certain provisions contravening the WTO’s regulation. This article describes the main features of the law and provides some insight into its potential impacts on the Vietnamese economy.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to