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Tran Tuan Phong

Work +84 24 3934 8530

Work Department

Banking & Finance, Project & Infrastructure, Corporate and M&A


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 and Chambers Asia). He is recognised by IFLR 1000 as a Leading Lawyer in Financial and Corporate from 2016 to 2018; and in Infrastructure and Energy in 2014, 2015 and 2017. In 2016, Phong was recognized by AsiaLaw as the Market-Leading Lawyer in both banking & finance and capital markets.

With  the  broad  experience,  he  has  represented  numerous international  sponsors  and  lenders  in  relation  to  large-scale 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. He has been involved in most BOT and high-profile infrastructure projects in Vietnam including K-Sure and K-Exim – Nam Dinh 1 Power Project, Marubeni Corporation/KEPCO - Nghi Son 2 Power Project, Sumitomo Corporation - Van Phong 1 Power Project, OneEnergy/Mitsubishi - Vinh Tan 3 Power Project, Chinese sponsors - Vinh Tan 1 Power Project, ITACO - Kien Luong 1 Power Project, Chevron - gas pipeline project, Premier Oil - gas transportation, Shell downstream projects, Phu My 2.2 Power Project, Wartsila BOT Power Project, Binh An BOT Water Project. His banking clients include Citibank, Standard Chartered Bank, SMBC, BTMU, CBA, etc. He also assisted the issuers or the arrangers for the convertible and SGX listed bonds of Vingroup, Vinacomin’s international bonds and some overseas IPO/listing transactions.

Phong is a highly regarded attorney for his admirable capacity to provide practical solutions that well suit the clients' needs.  The Legal 500, 2007 edition, also commented him "'Amenable, responsive and service-orientated' Tran Tuan Phong is considered a leading light for M&A, acting for global brands". Market sources declare that Tran Tuan Phong is "very well known for business law." (Chambers & Partners 2017)


Admitted to the Hanoi Bar.
Five years' experience with Clifford Chance before becoming a partner at VILAF.
Being Managing Partner of Hanoi Office from 2006 to 2015


Vietnamese, English




Hanoi Law University (1995 LLB)
Tulane University (US), LL.M., 2002 with distinction, Fulbright Scholarship


Banking and finance

Within: Leading individuals

Tran Tuan Phong - Vilaf

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Capital markets

Within: Capital markets

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.

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Projects and energy

Within: Projects and energy

Vilafprovides timely responses, and has a good knowledge of Vietnamese law regarding BOT projects’. The firm has a particular strength in coal-fired power projects, but also handles port and renewable energy projects. Vo Ha Duyen and counsel Trinh Luong Ngoc advised SCG Chemicals on buying out its joint venture partner from the Long Son Petrochemicals project in a transaction governed by Vietnamese law. Energy highlights include Duyen advising JBIC on its role as financing arranger of the Vung Ang 2 BOT power project, while on the contractor side Tran Tuan Phong advised Marubeni on its role as engineering, procurement and construction (EPC) contractor alongside Vietnam Electricity for the 600MW Thai Binh 1 coal-fired power station. Other clients include Sumitomo.

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Real estate and construction

Within: Real estate and construction

Vilaf handles acquisitions of office buildings and residential developments, plus construction disputes. Nguyen Truc Hien is a key name for transactional work, with Vo Ha Duyen and Tran Tuan Phong also involved in this space. Duyen is also a key contact for EPC arbitrations between contractors and project owners. The group provides a full service to real estate clients, and testament to this was Hien’s advice to real estate developer Novaland Investment Group on a bond issuance.

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