Law Firm Directory

Browse all firms with extended profiles for Vietnam

Legal Market Overview

Despite being lauded for its handling of the Covid 19 pandemic in 2020, Vietnam experienced major challenges in 2021, due to the onset of the Delta variant.

Notwithstanding the above, the World Bank still expects Vietnam’s GDP to rise by 4.8% in 2021 and the country remains a buoyant market for international investors. The majority of Vietnam’s inbound investment comes from other Asian jurisdictions, such as South Korea, Japan, Singapore, Taiwan and Hong Kong. One of the key driving factors of the country’s economic growth is its burgeoning middle class, whose increased spending power has driven up activity in the consumer, retail and technology sectors. Fintech is also a particularly lucrative market, due to a high proportion of citizens owning mobile phones, combined with limited access to bank branches.

In terms of the legal market, several international firms are based in the country, including Allen & Overy LLP, Baker McKenzie, Freshfields Bruckhaus Deringer, Hogan Lovells International LLP and Mayer Brown. In addition, the Australian firm Allens has an official alliance with Linklaters. Linklaters and Clifford Chance are two firms that are very active in the market but operate from neighbouring offices in Singapore and Hong Kong. Among the domestic firms, VILAF, YKVN and Frasers Law Company are the three biggest independent firms and regularly act as local counsel on major deals. The market also includes regional law firms with neighboring offices across Southeast Asia, such as Rajah & Tann LCT Lawyers, Tilleke & Gibbins and ZICO Law.