The Legal 500


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Top-tier recommendations


  • Vietnam > Tax


Within Banking and finance, Vilaf is a first tier firm,

Vilaf is acting for BNP Paribas on its secured financing arrangement for a foreign investor involved in an upstream production sharing contract in Vietnam; Ho Chi Minh City office head and department head Vo Ha Duyen is leading the advice. The firm is currently advising Japan Bank for International Cooperation on a multi-lender facility agreement with PetroVietnam to finance Thai Binh 2 thermal power project. Tran Tuan Phong heads the team in Hanoi.

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Within Capital markets, Vilaf is a first tier firm,

Vilaf advises on debt and equity capital markets. Luu Hoang Ha advised Kris Energy, an upstream oil and gas company, on its IPO on Singapore Exchange Securities Trading. The team advised Vingroup on a $250m international syndicated loan and, separately, on the international issuance of bonds worth $200m.

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Within Corporate and M&A, Vilaf is a first tier firm,

Vilaf, which is ‘very good in all aspects’, bolstered its ‘excellent’ corporate practice by recruiting its first international partner, Kevin Hawkins, from Mayer Brown JSM in January 2014, who has added a US element to the work. Key sector experience includes consumer goods, finance, energy, infrastructure, pharmaceuticals and construction materials. Nguyen Quang Vu and Hanoi-based department head Tran Tuan Phong acted as local counsel to Malaysian company PPB Leisure Holdings during its acquisition of 25% of the shares in Galaxy Studio Joint Stock Company’s film exhibition and distribution business. Ngoc Anh Bui advised LG Electronics as local counsel during the establishment of a 100% foreign-owned investment entity to operate a factory. Other key figures are Vo Ha Duyen, who heads the team in Ho Chi Minh City, and chairman Ngo Thanh Tung.

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Within Dispute resolution, Vilaf is a first tier firm,

The ‘strong’ team at Vilaf represented Baoviet Tokio Marine Insurance JVC in disputing a claim filed by the insured on the grounds of fraud and dishonesty. Chairman Ngo Thanh Tung and Hanoi-based Nguyen Duy Linh co-head the team, which also includes Vo Ha Duyen.

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Within Insurance, Vilaf is a first tier firm,

Vilaf is experienced in marine insurance, as well as general insurance matters. The firm advised Prudential Vietnam on its civil liabilities following a case concerning fraud and the appropriation of assets by an agent. Pham Si Hai Quynh leads the team in Ho Chi Minh City and Nguyen Duy Linh heads the Hanoi team.

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Within Projects and energy , Vilaf is a first tier firm,

Vilaf continues to serve as local counsel to Sumitomo regarding the construction of the Ho Chi Minh City Metro Line 1 project. The team also acted as local counsel to Vung Ro Petroleum Company on the development and financing of a refinery project; the licensing phase completed in July 2013. Tran Tuan Phong, who is particularly ‘good’, leads the Hanoi team and Vo Ha Duyen heads the team in Ho Chi Minh City. Luu Hoang Ha is another key figure, as is Kevin Hawkins, who joined the firm from Mayer Brown JSM in January 2014.

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Within Real estate and construction, Vilaf is a first tier firm,

Nguyen Truc Hien leads Vilaf team of ‘great real estate lawyers’, which is acting as local counsel to Sumitomo on the construction of the Ho Chi Minh City Metro Line project. Pham Si Hai Quynh acts for real estate developers. Kevin Hawkins joined from Mayer Brown JSM.

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Within Shipping, Vilaf is a first tier firm,

Ngo Thanh Tung and Nguyen Duy Linh co-head Vilaf’s team. Areas of expertise include advising on casualty work, arrests, bill of lading, cargo claims and charterparty disputes on the contentious side and providing non-contentious advice on the sale and purchase of vessels. Clients include P&I clubs, shipowners and charterers.

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Within Tax, Vilaf is a second tier firm,

Vilaf advises clients on tax planning pertaining to investment projects and transactions. Vo Ha Duyen and Dang Duong Anh are key names in the team.

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Within TMT, Vilaf is a first tier firm,

Vilaf has particular expertise in corporate finance and M&A in the TMT sector. Recent highlights include advising Sumitomo on its acquisition of shares in online retailer, Tiki Corporation. The team also assisted Recruit Holdings with its investment in a Vietnamese e-commerce website operator, Vat Gia, and its subsidiary Mytour. Chairman Ngo Thanh Tung heads the team in Ho Chi Minh City and managing partner Tran Tuan Phong leads in Hanoi.

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  • 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.