Capital markets in Vietnam

Allen & Overy LLP

Allen & Overy LLP's capital markets team has a strong offering, primarily handling high-value work work for investment banks, often alongside its Singapore and Hong Kong offices. Duc Tran remains a key name in the practice - he has vast expertise consolidated in advising major financial institutions and debt capital markets as does Adam Moncrieff. The team also advises local clients including leading Vietnamese conglomerates. Tina LeDinh is skilled in advising issuers and underwriters.

Key clients

Vietjet

HSBC

Standard Chartered Bank

CGIF

BNP Paribas

JP Morgan

Work highlights

  • Advised the joint bookrunners on the Vinhomes’ $1.3bn Rule 144A initial equity offering and listing on the Ho Chi Minh Stock Exchange.
  • Advised the bookrunners on the Techcombank’s $900m equity offering and listing on the HOSE.

Baker McKenzie

At Baker McKenzie, the team under Nguyen Oanh's leadership handles a blend of work in capital markets, advising a range of banks on transactions and regulatory matters. Yee Chung Seck is a key lawyer, as is special counsel Dang Linh Chi in Hanoi, who handles foreign investment and advisory work to banks, much of which is around securities. Associate Pham Thuy Van assists the team with cross-border financing deals.

Practice head(s):

Nguyen Oanh

Work highlights

  • Advised HDBank on its $300m initial public offering.

VILAF

VILAF's capital markets team is co-led by Vo Ha Duyen and Hung Nguyen, and handles extensive advisory work for global financial institutions including investment banks. Tran Phong in Hanoi is a name to note for equity capital markets work, acting for a number of well-known Vietnamese businesses in the space. The team is skilled in cross-border transactional work and advises Korean and Singaporean clients. Trung Vu has experience in the issuance of domestic and international bonds and was promoted to the partnership in January 2019.

Practice head(s):

Vo Ha Duyen; Nguyen Quang Hung

Other key lawyers:

Tran Tuan Phong; Vu Le Trung

Key clients

Techcombank

Techcombank Securities

BIDV

Credit Suisse

Vingroup

Work highlights

  • Advised Vinhomes on the 144A rule international placement and listing on the Ho Chi Minh City Stock Exchange (HOSE) with the offer value of $1.4 bn.
  • Advised Shinhan Securities as arranger of the issuance of VND400bn of secured bonds by GELEX.

YKVN

YKVN's capital markets team has a strong debt and securities-based practice for Vietnamese businesses and investment banks. Truong Quang, who manages the team, advises large corporations on high-value and cross-border deals along with counsel Nguyen Nam Hung. Vu Dzung has expertise in corporate bonds work. In Hanoi, counsel and banking lawyer Pham Minh Thang splits his time between Singapore and is recommended for corporate advisory work to state-owned Vietnamese banks.

Practice head(s):

Truong Nhat Quang

Key clients

Vinpearl Joint Stock Company

No Va Land Investment Group Corporation

Hoan My Medical Corporation

The PAN Group

GIC Private Limited

Techcombank

Masan Group Corporation

Credit Suisse

Viet Capital Securities JSC

Vingroup Joint Stock Company

Frasers Law Company

Frasers Law Company acts for financial institutions, including investment funds and investment banks on a myriad of matters, including debt and equity capital markets. Key contacts remain Mark Fraser and Justin Gisz.

Key clients

EFG-Hermes UAE Limited

Family Mart

M + W Asia

Ambient Digital

Ascina Capital

Cushman Wakefield

ATC Alloys

VinaCapital

Argex Titanium Inc.

Origin Energy Australia

ACG Education

King & Wood Mallesons

VINA-CPK Co. Ltd.

Wang Jing & Co.

Kimball Electronics

Deccan Value

Daniel Wellington

Allied Down Vietnam Co., Ltd.

New Zealand Consulate General

Grant Thornton Vietnam

Johnson Winter Slattery

NVT Consulting Co., Ltd.

Oriente Finance

Theodore Alexander

Allnex Vietnam

Navitas Ltd.

Bacardi Vietnam

Advantage Partners

OFO