Corporate and M&A in Vietnam

Allen & Overy LLP

Allen & Overy LLP’s corporate team is praised for its ‘strong capabilities’ in corporate and M&A transactions, especially high-profile, cross-border mandates in the food and beverage, financial services, real estate and energy sectors. The group is also increasingly active in the life insurance space and acts for clients in the digital transformation arena. Other key clients include international and regional corporates, financial sponsors, and private equity funds. The firm’s global network bolsters the team’s offering, allowing it to provide a full service practice to its clients. Duc Tran chairs the group and has advised on the firm’s most significant M&A deals. New York-qualified Tina LeDinh supports clients on both the buy and sell side of transactions, handling inbound and outbound investments. Senior associate Hai Ha is another key member of the team and is ‘extremely well-versed’ in transactional and regulatory mandates.

Practice head(s):

Duc Tran

Other key lawyers:

Tina LeDinh; Hai Ha


‘Strong capabilities in terms of substance and market knowledge.’

‘A&O provides excellent services for M&A deals in Vietnam, including advice on the Vietnamese law and negotiating the relevant contracts.’

‘Duc Tran is one of the first few internationally trained Vietnamese lawyers and is one of the most reliable Vietnamese lawyers.’

Key clients


Baring Private Equity Asia


Sumitomo Corporation

Everest Education

Tan Viet Securities Joint Stock Company

Indorama Ventures Public Company Limited


Work highlights

  • Advised Indorama Ventures on its acquisition of shares in Ngoc Nghia Industry.
  • Advised Novaland on the $250m investment by a Warburg Pincus-led consortium into Novaland.
  • Advised KKR on its participating as the lead investor in the Series B funding round of KiotViet.

Frasers Law Company

Frasers Law Company’s corporate and M&A department has ‘in-depth local market knowledge in Vietnam’, which places it in good stead to advise both international and local corporations on public and private equity matters, M&A transactions, restructurings, merger control mandates and joint ventures. The team is jointly led by founding partner Mark Fraser and Justin Gisz, who is praised for his ‘technical excellence’. Senior associate Ho Thuy Ngoc Tram is also a key contact and an active member of the team.

Practice head(s):

Mark Fraser; Justin Gisz

Other key lawyers:

Ho Thuy Ngoc Tram; Nguyen Mai Phuong; Pham Thanh Mai


‘Frasers Law has a strong and diverse team in Vietnam that ensures complete understanding of any legal and government requirements within Vietnam.’

‘Frasers are well-connected within Vietnam and are able to get access to many different organisations and parties. They also have an associated company, Frasers International which further extends their capabilities well beyond Vietnam.’

‘The team is responsive and is one of the few Vietnamese firms that operates in a similar fashion to international firms while maintaining competitive pricing.’

‘The team mixes both an international approach to legal practice with in-depth local market knowledge in Vietnam. This strength is serviced by both local Vietnam lawyers and foreign-trained lawyers.’

‘Justin Gisz has demonstrated his technical excellence, commercial sense, and good service level.’

‘Mark Fraser has diverse senior legal experience across many countries and has worked for some of the leading legal firms in Europe, Asia and other jurisdictions. He has a wealth of commercial experience that complements his legal acumen.

‘Mark Fraser provides extremely prompt advice coupled with his extensive experience practising both abroad and in Vietnam. His mix of experience means he is well positioned to understand client needs and can blend both international and local approaches to doing business.’

‘Mark Frasers and Ho Thuy Ngoc Tram have been impeccable in terms of professionalism and quick turnaround.’

Key clients


Timo Digital Bank

Sojitz Corporation


ABN Amro Bank

Coöperatieve Rabobank


PT Medco Energy International

Qualitas Medical Group

Pandaw Group

Work highlights

  • Acted for VinaCapital in relation to its successful sale to EDF Renewables of a 55% majority stake in SkyX Energy.
  • Acted for Timo Digital Bank in relation to its successful first round external equity fundraising.
  • Acting for Sojitz Corporation and its co-investment partner Kokubu in relation to their proposed entry into a JPY500m joint venture in the logistics and warehousing sector in Vietnam.


Commended for its ‘impressive knowledge of the local laws and regulations’, VILAF is highly adept at handling large and complex cross-border M&A transactions, as well as joint ventures and demergers. Hanoi-based partner Anh Dang, whose practice focuses primarily on the energy sector, jointly leads the team alongside Duyen Vo, who is based in the firm’s Ho Chi Minh City office and is well-equipped to handle transactions in the infrastructure and financial services arenas. Phong Tran and Anh Bui are also key contacts in the practice.

Practice head(s):

Anh Dang; Duyen Vo


‘The team is structured, dedicated and well-organised. The professional advice is spot on and timely.’

‘Impressive knowledge of the local laws and regulations, attentive to client’s needs, quick turnaround time on assignments, and have English-speaking professionals.’

Key clients


Mitsui & Co., Ltd.

Credit Suisse

SCG Packaging


EMart Inc.

Shizen Malaysia Sdn Bhd

Warburg Pincus Asia LLC

SVP Worldwide

L Catterton

Gamuda Land

Work highlights

  • Advised Citigroup on the sale of its Vietnam retail banking business to United Overseas Bank, which is part of Citigroup’s $3.7bn strategic transaction with UOB covering Vietnam, Malaysia, Indonesia and Thailand.
  • Advised Mitsui & Co. on the acquisition of 27.5% equity stake of Mainstream Renewable Power Ltd.


At YKVN, the team has a wide ranging breath of expertise, covering private and public M&A transactions based in Vietnam and with cross-border elements, privatisation, private equity transactions, disposals, corporate restructurings, joint ventures, and takeovers. Managing partner and ‘leader in the Vietnamese market’ Truong Nhat Quang heads up the team and alongside his M&A expertise, his practice is also bolstered by his skills in banking and capital markets. Senior partner K.Minh Dang heads the arbitration practice and has extensive experience advising international companies and funds investing into the Vietnamese market. Diep Hoai Nam leads the firm’s Hanoi office and is a specialist in corporate M&A and restructuring mandates. Vu Dzung and Duong Thu Ha are also key figures in the team.

Practice head(s):

Truong Nhat Quang

Other key lawyers:

K.Minh Dang; Diep Hoai Nam; Vu Dzung; Duong Thu Ha; Nguyen Van Hai


‘The YKVN team is impressive in its depth and ability to provide service in all relevant sectors.’

‘They are very well known in the market for their involvement in landmark corporate, banking and M&A deals. They worked on the most important M&A deals in 2021.’

‘Their deep bench of lawyers from partner level to associate level is impressive. They know the market, deal trends and key legal issues in M&A deals.’

‘They are at a very top end of the market on corporate, banking and M&A.’

‘Truong Nhat Quang is the key partner at YKVN and is simply a leading star in the legal market. He holds a very unique stature given his seniority, deal experience and market intelligence.’

‘Nguyen Van Hai is a partner at YKVN who is young and talented, pays attention to details and is meticulous.’

‘Truong Nhat Quang is a leader in the Vietnamese market – involved in nearly all big deals and a true class act. He is very thoughtful, on top of all of the issues and provides great service.’

Key clients

Vietnam Prosperity Joint Stock Commercial Bank

MBK Partners

Masan Group Corporation

TPG Capital

The Abu Dhabi Investment Authority

Mr. Tran Duy Hy

Andreessen Horowitz

SHB Finance Co., Ltd.

Bitexco Energy Ltd.

Chubu Electric Power Co., Inc

State Capital Investment Corporation

Work highlights

  • Advised VPBank on its sale of 49% of the contributed capital in VPBank Finance Company Limited to SMBC Consumer Finance.
  • Advised MBK Partners on vendor legal due diligence on its indirect subsidiary in Vietnam, being Apex Logistics International, to be submitted for bidding process.
  • Advised Masan Group Corporation in the sale of 100% of its feed-related business to De Heus.


Allens’ corporate and M&A team acts for multinational and regional companies, international financial and private equity investors, and banks on cross-border M&A transactions, business expansions and investments. Additionally, the firm’s alliance with Linklaters bolsters its offering due to its access to the firm’s global network. Linh Bui heads the team alongside Ngoc Anh Tran, who is skilled in structured transactions and was promoted to partner in July 2022. Bui ‘has experience and knowledge of the investment and regulatory landscape in Vietnam’. Giles Cooper is also a key name of note with a strong focus on renewable energy mandates.

Practice head(s):

Linh Bui

Other key lawyers:

Giles Cooper; Ngoc Anh Tran


‘Linh Bui has experience and knowledge of the investment and regulatory landscape in Vietnam. She is responsive and articulate, and she also has commercial perspective, not just strict legal views.’

Key clients

Temasek, Seatown and Lombard

Tiki Corporation

Con Cung

International Finance Corporation

Bank of Ayudhya Public Company Limited

Dragon Capital

Pavilion Capital

SSI Assets


CP Vietnam



Kasikornbank Public Company Limited

Kasikorn Vision Company Limited

Credit Suisse



University of Sydney

Work highlights

  • Advised Temasek, Seatown and Lombard on their acquisition of minority stake in Golden Gate.
  • Advised Tiki on its Series E fundraising and inversion of its holding company into Singapore to prepare for the upcoming offshore listing/SPAC transaction.
  • Advised Con Cung on the primary and secondary sale of a significant minority stake to Quadria Capital.

Baker McKenzie

Baker McKenzie’s ‘experienced’ practice undertakes large, complex cross-border transactions, including both public and private M&A mandates. Additionally, regulatory and licensing matters are within the team’s strong capabilities, as well as foreign direct investments. The team has demonstrable experience across a wide range of sectors, including TMT, real estate, energy and healthcare, among others. Co-head of the team Yee Chung Seck is an M&A expert who advises clients on commercial contacts and regulatory compliance issues. Practice co-lead Lan Phuong Nguyen’s offering covers a range of industries, from manufacturing and consumer goods to education and logistics. Minh Ha Vu is also of note, and in July 2021, Frederick Burke took up a senior adviser role.

Practice head(s):

Yee Chung Seck; Lan Phuong Nguyen

Other key lawyers:

Frederick Burke; Minh Ha Vu; Thi Thanh Le


‘The team is very experienced in handling M&A transactions. They are responsive and provide excellent solutions for unexpected issues encountered. In particular, in dealing with local licensing and regulatory authorities, the team is confident and communicates with the client clearly on the complicated procedures.’

‘The team understand the market well and is able to provide timely advice.’

‘They have great knowledge on the local industry practice and regulations.’

Key clients

De Heus’


UOB Venture Management Pte Limited


Bitexco Power Corporation

Ward Ferry



Work highlights

  • Advised UOBVM and Orix Group on the sale of their shares in Bitexco Power Corp.
  • Advised De Heus Vietnam on its acquisition of the feed business of MNS Feed in Vietnam from Masan, which includes a number of operating companies.
  • Advised Ward Ferry on its investment in Momo.

DFDL Legal & Tax

DFDL Legal & Tax acts for clients across the telecoms, finance services, real estate, manufacturing, energy, mining, infrastructure and retail industries on public and private M&A transactions. The team’s workload also includes joint ventures, investments, and private equity transactions. Due to its strong presences across Southeast Asia, including in Vietnam, its client roster includes Chinese, Japanese and Indian investors. Managing director Jérôme Buzenet chairs the practice and advises on M&A, private equity and investment formation and restructuring mandates, while deputy managing director Hanh Tran and head of the firm’s Ho Chi Minh City office is also a key contact, as is head of the Hanoi office Thang Huynh.

Practice head(s):

Jérôme Buzenet

Other key lawyers:

Hanh Tran; Martin Desautels; Thang Huynh; Phong Anh Hoang; Kevin Hawkins; Dave Seibert; Cuong Nguyen

Key clients

MSD Partners

REA Group

Banpu Public Company Limited

B. Grimm Power Public Company Limited

Savills Vietnam

Work highlights

  • Assisted REA Group in the allotment of $147m stake on an undiluted basis, equivalent to an 18% equity interest, in PropertyGuru.
  • Assisted BGE on an acquisition of solar power projects in the South-Central of Vietnam.
  • Assisted Savills Vietnam on an acquisition of 30% share of RealPlus.

Duane Morris Vietnam LLC

Duane Morris & Selvam LLP’s corporate and M&A department handles mandates in the energy, infrastructure and financial sectors. It is well-known for assisting clients in becoming established in the Vietnamese market by obtaining licenses, handling joint venture agreements and restructuring mandates, and supporting them on M&A transactions. Chairwoman and ‘leading legal expert’ Nguyen Thi Lang heads the team from Ho Chi Minh alongside Oliver Massmann, who is based in Hanoi. Nguyen’s client roster includes multinational, foreign and local companies, with a strong focus on M&A and inward investment, as well as commercial mandates. Massmann is a financial accountant and auditor, and skilfully works on general commercial matters, while special counsel Minh Duc Hoang is another key contact in the team. Pham Bach Duong left to Hogan Lovells International LLP in February 2022.

Practice head(s):

Nguyen Thi Lang; Oliver Massmann

Other key lawyers:

Minh Duc Hoang; Truc Vo


‘Duane Morris is assertive, comprehensive and strategic. Their services are provided with effective communication skills and creativity, knowledge and responsibility. The whole team is so great to work with; very professional, responsive, and Duane Morris offers solid advice and guidance.’

‘The team has good expertise as a reputable law firm practicing in Vietnam and has the knowledge of clients’ businesses in Vietnam.’

‘Duane Morris Vietnam LLC has proved in their team that the dedicated spirit in serving clients is put forward as the top priority regardless of how tight the deadline is. The strategic advice and successful outcomes from working with the Duane Morris team is impressive.’

‘Duane Morris Vietnam has a strong team of talented members that are proficient at working as a team to make the whole team a problem solver. Duane Morris Vietnam LLC is a truly specialist in corporate and M&A practice.’

‘Nguyen Thi Lang is known as a leading legal expert with more than two decades of experience in the country. Dr Lang’s services combined thorough legal analysis with a strong commercial approach has resulted in significant contribution to the successful closing of deals.’

‘Nguyen Thi Lang is recognised as a prestigious lawyer and is respected for owning both academic and professional bases. She has demonstrated her ability through providing valuable ideas, comprehensive and practical guidance, as well as making a significant contribution to the negotiation process between us and the potential purchaser.’

‘Nguyen Thi Lang and senior associate Vo Truc have demonstrated their technical excellence, commercial sense as well as good service level.’

‘Nguyen Thi Lang is outstanding as both a draftsperson and negotiator for deals. She has always been easy to reach and responsive to client needs, and her integrity is beyond reproach.’

Key clients

Bayer Vietnam

GAW NP Capital



A.P.U Educational Company Development

Work highlights

  • Advised GAW NP Capital on its $2om acquisition of a target land and development of the construction of a ready-built-factory in the economic zone in Northern Vietnam.
  • Advised an educational development group with a 100% foreign-owned company in Vietnam in relation to a $150m transaction with a UK-based educational service company to sell all of A.P.U’s ownership interest in its K-12 school in Danang, Vietnam.
  • Advised a Vietnamese private commercial bank as lead counsel in relation to its $125m divestment of the majority of its ownership.

Mayer Brown

The corporate team at Mayer Brown supports clients on both cross-border and domestic transactional and regulatory matters, and this offering is strengthened by the team’s utilisation of the firm’s global network of offices. The group is chaired by New York-qualified partner David Harrison who divides his time between the firm’s Hanoi and Ho Chi Minh City offices. Harrison’s major strength lies in his cross-border expertise, which is further bolstered by his fluency in Vietnamese, French, English, and Spanish. Senior associate and New-York qualified Orsolya Szotryory-Grove is another key contact, as is counsel Hai Thao Nguyen, who has experience in the insurance and real estate industries.

Practice head(s):

David Harrison

Other key lawyers:

Hai Thao Nguyen; Orsolya Szotryory-Grove

Key clients

Chubu Electric Power Co., Inc.

Brawn Capital Management

SEKO Logistics


Hillhouse Capital Management Ltd


TR Capital

Leapfrog Investments

Standard Chartered Bank

San Miguel Foods, Inc

John Swire & Sons Pty Ltd.

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.

Carrix, Inc.

Rajah & Tann LCT Lawyers

Rajah & Tann LCT Lawyers has a strong regional network which strengthens the team’s M&A offering. Vu Thi Que heads the department and is fluent in Mandarin, thus bolstering her practice which often involves acting for Chinese and Taiwanese investors, with demonstrable experience in the energy and real estate sectors. Trinh Minh Duc and Nguyen Dinh Nha are key contacts in the team, as is Logan Leung, who was promoted to deputy managing partner in June 2022.

Practice head(s):

Vu Thi Que

Other key lawyers:

Trinh Minh Duc; Nguyen Dinh Nha; Logan Leung; Tram Ngoc Bich Nguyen

Key clients

Comfordelgo Transportation

Richemont Luxury

BP Vietnam Development

Mapletree Logistics Trust


Keppel Land


Work highlights

  • Acted for ComfortDelgro in its divestment of 70% equity stake in Vietnam Taxi.
  • Assisted AkzoNobel in a complex, multi-entity merger among Akzo Nobel Coatings Vietnam Limited, Akzo Nobel Powder Coating Company Limited (Vietnam), Schramm SSCP Hanoi Company Limited and Akzo Nobel Paints Vietnam.
  • Acted for Mapletree Logistics Trust as Vietnam counsel in its acquisition of a portfolio of three logistics assets in Vietnam in Bac Ninh Province and Binh Duong Province.

Tilleke & Gibbins

Tilleke & Gibbins’ corporate and commercial team has experience advising foreign clients  on setting up and running their businesses in Vietnam. This offering includes support with market entry advice, corporate formation and licensing matters, as well as M&A transactions and joint ventures. It is also praised for its ‘strong sector focus on life sciences and healthcare’. Additionally, due to the firm’s regional focus on Southeast Asia, firms without a presence in Vietnam often partner with the team. Managing director of the firm’s Hanoi and Ho Chi Minh City offices Thomas Treutler, ‘who knows the nitty gritty of the corporate and M&A market in Vietnam’, heads the practice alongside Vinh Quoc NguyenKien Trung Trinh is another key member of the team, with experience in the life sciences and labour arenas.

Practice head(s):

Thomas Treutler; Vinh Quoc Nguyen

Other key lawyers:

Kien Trung Trinh


‘Commercially savvy, client focused, top-notch service and execution.’

‘The corporate/M&A team in Vietnam is one of the leading teams in the country. Their strong sector focus on life sciences and healthcare makes them the go-to firm.’

‘All people are very helpful and knowledgable. Prompt and thorough replies on any subject they undertake.’

‘Tom Treutler is a great lawyer who knows the nitty gritty of the corporate and M&A market in Vietnam. His insight and understanding is valued by all clients.’

Key clients



Crown Equipment

FMC Corporation


Align Group

Jabil Circuit

Johnson & Johnson


Merck Sharp & Dohme


Work highlights

  • Advising Invisalign Vietnam by filling the role of in-house counsel and assisting their regional counsel with all legal matters in Vietnam.
  • Advised MSD on daily matters, including corporate licensing, drug advertisement, sales promotions, changes in the pharmaceutical law and their impact on MSD’s business.
  • Assisting a North American food ingredient manufacturer with full services from due diligence to transaction registration in two M&A transactions under which it will acquire the majority shares of two Vietnamese entities engaged in seafood processing and trading.

ACSV Legal

ACSV Legal’s client roster includes companies across Southeast Asia that are looking to expand their businesses, in addition to international and local businesses who seek assistance with corporate and commercial transactions. The group advises clients on private equity transactions and restructuring mandates, as well as business-related operation matters. Founder and managing partner Mark Oakley leads the team and focuses on foreign direct investment into Southeast Asia. Special counsel Elaine Chew is praised by clients as an ‘exceptionally solution-oriented lawyer’, and special counsel Hieu Pham handles cross-border M&A transactions and joint ventures.

Practice head(s):

Mark Oakley

Other key lawyers:

Elaine Chew; Hieu Pham


‘Very responsive and pragmatic. Excellent service.’

‘Special counsel Elaine Chew is an exceptionally solution-oriented lawyer. She builds relationship and trust through on-point, commercial, savvy advice, a thorough understanding of client business needs and desired outcomes, an excellent capacity for deal negotiation and analysis, and an outstanding work ethic and commitment to deadlines.’

‘Elaine Chew is unfailingly professional, easy to work with, level-headed and result-oriented under pressure and when asked to crunch deadlines or change direction. She never asks the client to change their needs based on her perspective or toolkit, but rather adapts her perspective and toolkit to suit the client needs.’

Key clients

Pham Nguyen


O-We Water



Delta Offshore Energy

Work highlights

  • Advised Delta Offshore Energy on the development of a 3,200 MW LNG-to-power plant in Bac Lieu Province, Vietnam.
  • Advised one of Vietnam’s first and most prominent media, entertainment, and technology conglomerate group on the sale and subscription of shares from existing shareholders and the holding company where relevant to another leading Vietnamese conglomerate group, equivalent to approximately $131m.
  • Advised a leading foreign invested healthcare care provider in Ho Chi Minh City, in acquiring 100% ownership interest in a group of onshore chiropractic clinics operating throughout Vietnam.

Bizlink Lawyers

A core strength of Bizlink Lawyers is its corporate and M&A practice, which advises clients on domestic and cross-border transactions. A strong area of focus for the group is real estate and construction. Managing partner and founder of the firm Do Trong Hai jointly leads the team with the support of Tran Thi Ngan. Hai has substantial experience acting for foreign investors, and Ngan is also well-versed in mandates involving foreign direct investment.

Practice head(s):

Do Trong Hai

Other key lawyers:

Tran Thi Ngan; Le Thi Hong; Nguyen Duc Manh

Key clients

International Center Company Limited

Chinfon Cement Corporation

Fortuna Hanoi Hotel Limited

Vietnam Auto Parts Company Limited

Ford Vietnam Company Limited

Rorze Robotech Company Limited

Vinh Tuong Industrial Corporation

KDV Joint Stock Company

Vietnam Airlines Investment JSC

Vinh Tuong Industrial Company Limited Northern Vietnam

Zhende Medical Co., Ltd

Zen Plaza Company Limited

Work highlights

  • Advised Vietnam Joint Stock Commercial Bank for Industry and Trade on transferring a complex project to another developer.
  • Advised T&M Vietnam Investment JSC on the acquisition of a part of Yen So Park Project in the South of Hanoi.
  • Advised Citra Westlake City Development Company on transferring a complex sub-project with total investment value of over $53m to another developer.

Hogan Lovells International LLP

Hogan Lovells International LLP advises foreign companies on their inward investments into Vietnam, as well as M&A and private equity transactions and ongoing operations. The practice is well-placed to leverage the firm’s strong and well-established Southeast Asian network. Samantha Campbell and Gaston Fernandez jointly lead the team from Singapore and Ho Chi Minh City respectively. Fernandez has been in Vietnam since December 2021, previously located in the firm’s Miami office. His fluency in English, Spanish and Mandarin places him in good stead to advise on cross-border mandates. Counsel Ngoc Nguyen recently rejoined the team in January 2022.

Practice head(s):

Gaston Fernandez; Samantha Campbell

Other key lawyers:

Ngoc Nguyen


‘The team is efficient, timely, and has good collaboration with the client.’

‘Gaston Fernandes and Ngoc Nguyen are both very hands-ons with current business practices and interests. They are very solution oriented to ensure the clients needs are met.’

Key clients

International Business Machines Corporation

Navis Capital Partners

EDF Renouvelables

Synopsys, Inc

SN Power

Work highlights

  • Advised EDF Renouvelables on its strategic investment in and financing of SkyX Energy.
  • Advised Norway-based SN Power on the acquisition of a 100% stake in the 39.4MW Dam Nai wind power project in Ninh Thuan province, Vietnam.
  • Advised Navis Capital on its acquisition of Thanh Thanh Cong Education JSC in Vietnam.

Lexcomm Vietnam LLC

Lexcomm Vietnam LLC’s corporate and M&A team is adept at advising international clients on acquiring Vietnamese targets. The group’s offering also extends to joint ventures and corporate formation and reorganisation. Its client roster includes sellers, buyers financial investors and fund managers. Energy and infrastructure are areas of strength for Nguyen Viet Ha, who jointly leads the team alongside Luong Van Trung, who advises on the transactional and contentious side of M&A mandates.

Practice head(s):

Nguyen Viet Ha; Luong Van Trung

Other key lawyers:

Nguyen Hong Hai


‘They are a responsive team and provide organised answers to queries.’

‘Their particular strengths are responsiveness, commerciality, good client service, and good negotiation skills.’

‘Nguyen Viet Ha is smart, aggressive and commercially oriented. Ha is very good at negotiation.’

Key clients

Viet Nam Australia International Education Corporation

Mutosi Group Joint Stock Company

Nexif Energy Management Pte Ltd

Noibai Express and Trading Joint Stock Company

TMS Group

Inspired Education Holdings Limited

Just Kids Education and Entertainment Joint Stock


Edufit Education Joint Stock Company

Long Thanh Golf Investment and Trading Joint Stock


An Phat Holdings

Qiming Venture Partners

Work highlights

  • Advising Nexif Energy on the structuring and documentation of the Vietnam hydropower acquisition.
  • Advising key individual shareholders of VAS to successfully divest their shares to a subsidiary of US-based private equity firm TPG Capital.
  • Advising Mutosi on $14m investment from a strategic investor.

LNT & Partners

LNT & Partners’ corporate department is well-equipped to handle M&A transactions and merger clearances, joint ventures and foreign direct investments. The team acts for an impressive roster of clients in the pharmaceutical sector, with other industry focuses including education, manufacturing, energy and construction. Co-founder of the firm and head of the practice Quyen Hoang has a wide-ranging client base, including insurance companies, developers, and hotel chains, while Net Le, who is also a co-founder of the firm, is key contact in the team, alongside Hong Bui, Minh Vu, and Tuan Nguyen.

Practice head(s):

Quyen Hoang

Other key lawyers:

Net Le; Hong Bui; Minh Vu; Tuan Nguyen


‘The team has deep knowledge of the local merger control rules and also keeps track of the latest developments. They are also very responsive and efficient.’

Key clients

General Electric

AstraZeneca Vietnam Company Limited

AstraZeneca Group

FinAccel Pte. Ltd. and Phoenix Holdings Company Limited

Toshin Development Co., Ltd

ATAD Steel Structure Corporation

Philcement Corporation

Boustead Projects Land Pte

VN Assets Invest

Dragon Capital Private Equity

Ecobusiness Solutions JSC

Petrovietnam Gas Joint Stock Corporation

CVC Capital Partners SICAV-FIS S.A



Danson Group

Advanced Micro Devices

Eastbridge Partners

Work highlights

  • Advised Kredivo on its expansion into Vietnam through a joint venture by M&A and partnership with Vietnamese partners to provide consumer lending services via “Buy Now, Pay Later” platform.
  • Assisted General Electric in securing unconditional Vietnam clearance for its global sale of GE Capital Aviation Services business to AerCap Holdings.
  • Advised AstraZeneca on bringing 30 million doses, valued at about $150m, of the Covid-19 vaccines to Vietnam.

Allen & Gledhill (Vietnam)

Allen & Gledhill (Vietnam) was established in October 2020 as part of the firm’s wider initiative to expand into Southeast Asia. The M&A team are especially strong in handling transactions regarding energy projects, in addition to advising clients on joint ventures, reorganisations and investments. Managing partner Hsiu-Hau Oh leads the team, and Tran Thi Phuong Thao and Phan Vinh Nhan are also notable names.

Practice head(s):

Hsiu-Hau Oh

Other key lawyers:

Tran Thi Phuong Thao; Phan Vinh Nhan


‘Efficient transaction execution and management. Cost efficient and excellent technical skills and knowledge of market practice.’

‘Oh Hsiu-Hau at Allen and Gledhill is very hands-on and experienced. He provides timely and commercial advice with excellent knowledge on international and local market practices.’

Work highlights

  • Advised Ngoc Nghia Industry Service Trading Joint Stock Company and its founding shareholders, as well as Tempel Four Limited in the sale of their entire shares to Indorama Netherlands B.V.
  • Advised Sembcorp Utilities on its collaboration with BCG Energy for the development of renewable projects in Vietnam.
  • Advised SPI Energy Investments Pte Ltd on its joint venture with BCG Energy to invest in rooftop solar and other renewable energy projects in Vietnam.

Dilinh Legal

Based in Ho Chi Minh City, boutique corporate firm Dilinh Legal has experience across the manufacturing, life sciences and technology sectors. Founding partner Diep Hoang and Michael Lee co-lead the team; Diep has a strong practice supporting Taiwanese investors on establishing their presence in the Vietnamese market, and Lee is also active on many of the team’s transactions. Associate Trang Nguyen is another key contact with a ‘broad and deep understanding of Vietnam’s enterprise laws’.

Practice head(s):

Diep Hoang; Michael Lee

Other key lawyers:

Trang Nguyen


‘Dilinh Legal has done an excellent job of developing a deep relationship with its clients. They are extremely helpful with legal matters, and have been instrumental in helping understand the local culture and how best to manage the business with respect to the local nuances.’

‘Dilinh Legal provides legal advice on various matters efficiently and accurately.’

‘They are quick and responsive, they are wise to the law and regulatory requirements, and they are able to meet international clients’ standards as well.’

‘Managing partner Ms. Diep has good commercial sense in giving legal advice. Her advice always suits the needs of the client’s business.’

‘Diep Hoang has an excellent ability to digest foreign client’s needs, to come up with practical solutions with multiple options in mind, and an excellent ability to negotiate terms and conditions with counterparts.’

‘Michael Lee has been involved in the Vietnam practice for a long time. He is a reliable attorney in terms of both cost and quality of service.’

‘Michael Lee has good commercial knowledge and has sound technical skills. He is flexible and understands the needs of his clients.’

‘Trang Nguyen has a broad and deep understanding of Vietnam’s enterprise laws, solid judgement in structuring the framework of complex shareholder agreements and tightly defining each articles, and has an excellent ability to turn a business concept into legal wording.’

Key clients

Phu My Hung Development Cooperation

Jones and Vining

One Asia Lawyers

Phu Hung Fund Management Company

Fram Ventures

Vina ASC Automotive Company Limited

Ipsen Pharma

Phu Hung Life Insurance Joint Stock Company

Viet Brand Invest

Dragon Capital

Berjayapak Vietnam Company Limited

MAT Holding Inc

Novus Fintech

Phu Hung Securities Corporation

Top Glove Vietnam Company Limited

Vestiaire Collective

Far Eastern Apparel Limited

Work highlights

  • Acted for Phu My Hung in legal due diligence on several real estate projects.
  • Advised Viet Brand on its listing on Ho Chi Minh City Stock Exchange.
  • Acted for Berjayapak by conducting due diligence of its Vietnam operations for its listing on the Malaysian stock exchange, Bursa Malaysia.

DL & Partners

DL & Partners’ corporate and M&A team supports multinational corporations and state-owned companies on their investment mandates and regulatory issues. Tran Viet Dung leads the practice and focuses on M&A transactions, and Dung Le is another key contact in the group. Both lawyers are based in the firm’s Ho Chi Minh City office.

Practice head(s):

Tran Viet Dung

Other key lawyers:

Dung Le

Key clients


American Education Group

An Phu Can Tho

Beta Holdings


Cat Tuong Group

Dai Dung

Champion Lee


GP Global

JPC Corp


KAL Vietnam


Singha Beer

Stolt Bitumen Service


Shinhan Finance

Trelleborg Sealing Solutions

Trelleborg Marine and Infrastructure

Tona Syntegra Solar


New Image Vietnam

DNA Vietnam LLC

Boutique corporate firm DNA Vietnam LLC is based in Hanoi and was established in 2020 by Dang Thanh Son and Dang Chi Lieu, who both have previous experience in large law firms, as well as Vietnamese conglomerates. The team undertakes a broad spectrum of work relating to M&A transactions, including regulatory issues. It also handles foreign investment and the daily operations of running a business. Additionally, its membership of the global network Alliott Global Alliance bolsters the group’s cross-border capabilities.

Practice head(s):

Dang Thanh Son; Dang Chi Lieu


‘This team strongly supports client businesses and can always find a practical solution.’

‘Dang Chi Lieu is very reasonable, supportive and a reliable lawyer which makes him a trusted adviser. He can apply his legal knowledge and business awareness to support investors.’

Key clients

Gunkul Engineering Public Company Limited

Viettel Global JSC

Coherent Services Vietnam Limited Liability Company

Trina Solar Investment Pte. Ltd.

Sembcorp Solar Vietnam Company Limited

Phoenix Clean Power JSC

Work highlights

  • Advised Equest on the acquisition of a private school in Hanoi.
  • Advised Sembcorp on the acquisition of a rooftop solar project pipeline in Vietnam.
  • Advised Gunkul on post-acquisition and operation matters of four solar farm projects in Vietnam.

KPMG Law in Vietnam

At KPMG Law in Vietnam, the team advises clients from the real estate and construction industries on a range of mandates, including reorganisations, licensing and commercial agreements, and regulatory approvals. TMT is also a strong focus for the group, and growing areas of interest include education, health and logistics. Due to the team’s proficiency in Mandarin, it has a strong client base from China, Hong Kong and Taiwan. Richard Stapley-Oh, who qualified in Australia, leads the firm’s Vietnam and Cambodia offices. Ngoc Thi Thanh Bui, Binh Duy Tran and Han Huynh Ngoc Pham are also key contacts in the team.

Practice head(s):

Richard Stapley-Oh

Other key lawyers:

Ngoc Thi Thanh Bui; Binh Duy Tran; Nguyen Mai Phuong; Ly Hoang Nguyen


‘The team is very responsive and provides helpful comments and insights from both a local law perspective and in the context of the proposed transaction.’

‘The service being provided by KPMG is practical and the team has a good network that helps them co-operate with governance to understand directions.’

‘Ngoc Thi Thanh Bui is dedicated and shows great attention, attitude and excellent knowledge.’

Key clients

Van Thinh Phat Group

Vivaland Investment and Development JSC,

company of Van Thinh Phat Group

Phu My Hung Development Corporation

Hong Kong Land

TNB Renewables Sdn Bhd

Sinotrans, logistics arm of China Merchant Group

Khazanah Nasional Berhad

Jinko Solar

Gotion High-Tech

Tai Yuen Textile Company Limited

Waterdrop International

Beenext Asia Innovation Pte Ltd

Raito Kogyo

Nidec Tosok Vietnam Corporation

Lallemand Animal Nutrition

Daiko Advertising

Daichu Corporation


Gene Solutions

Work highlights

  • Advised Gotion High-Tech on the joint venture with Vinfast Trading and Production LLC to conduct a green-field investment in Vietnam to build power battery and related components manufacturing plant.
  • Advised Khazanah Nasional Berhad on restructuring its investment into a large food and beverage chain in Vietnam.
  • Advised Redefine Capital Fund on its the investment into an edutech company.

MHM Vietnam HCMC Office

MHM Vietnam HCMC Office has been active in Vietnam since 2004 when its first office opened in Ho Chi Minh City, and in 2021, the firm opened its first office in Hanoi to extend its network. Its sector expertise includes energy, real estate, logistic, manufacturing and TMT, and the group’s client base covers Japanese companies, as well as domestic and international property developers and investors. Takuya Eguchi chairs the practice with a strong focus on cross-border M&A, joint ventures and regulatory compliance. Nguyen Ngoc Phuc has been based in the Ho Chi Minh office since joining the team from ZICO Law in February 2022.

Practice head(s):

Takuya Eguchi

Other key lawyers:

Nguyen Ngoc Phuc; Ha Thi Dung

Key clients

Tien Phuoc Real Estate Joint Stock Company

Mizuho Bank, Ltd.

Noritz Corporation

VEMC Land Joint Stock Company

Meidensha Corporation

Nomura Real Estate Development Co., Ltd

NTT Urban Development Corporation

ADK Holdings Inc.

Vietnam Industrial & Logistics Real Estate Fund I

LTQ Group Joint Stock Company

Nha Dat Joint Stock Company

Work highlights

  • Represented Mizuho Bank on its $131m investment in Vietnam’s fintech sector.
  • Representing Nomura Real Estate Development in acquiring 49% of the shares in a residential development project by Ecopark Corporation in Hung Yen Province.
  • Represented Noritz Corporation on its VND1,150bn investment in a Vietnamese home appliance manufacturing company.

Nishimura & Asahi

Nishimura & Asahi is well-known for assisting Japanese clients on their inbound investments into Vietnam. Practice head Hikaru Oguchi is based in Tokyo and advises clients on their foreign investments into Vietnam, including M&A transactions and green field investment. Vu Le Bang, Ha Haong Loc and Kazuhide Onya are all key names of note based in Vietnam, with experience advising on mandates involving investment.

Practice head(s):

Hikaru Oguchi

Other key lawyers:

Vu Le Bang; Ha Haong Loc; Kazuhide Onya

Key clients

Marubeni Corporation

Sumitomo Corporation

Mitsui & Co., Ltd.

Hitachi Sustainable Energy Ltd.

Paragon Urban Development Co., Ltd.

Hankyu Hanshin Properties Corp.

JFE Engineering Corporation

T Capital Partners Co., Ltd.

Mitsubishi Materials Corporation

Samty Co., Ltd.

Yamato Kogyo Co., Ltd.

Work highlights

  • Advised JFE Engineering Corporation on the establishment of a joint venture with Thuan Thanh Environment Joint Stock Company for a large-scale waste-to-energy project in Bac Ninh Province, Vietnam.
  • Advised Hitachi Sustainable Energy on its acquisition of a 35.1% stake in Trung Nam Wind Power Joint Stock Company.
  • Advised Paragon Urban Development on its acquisition of a 25% capital contribution in Paragon Dai Phuoc for development of Paragon Dai Phuoc, an urban residential project in Dong Nai province, adjacent to the eastern area of Ho Chi Minh City, Vietnam.

Venture North Law Limited

Venture North Law Limited is a boutique firm focusing on corporate, commercial and M&A mandates. Its workload covers M&A and investment transactions, as well as daily operational support. Founder of the firm and managing partner Vu Nguyen leads on the group’s most significant matters, and Thuy Hoang advises foreign invested companies on their corporate and commercial matters.

Practice head(s):

Vu Nguyen

Other key lawyers:

Thuy Hoang


‘The VN law team provides a great level of service, responsiveness and availability.’

‘The team, led by Vu Nguyen, are very well experienced on corporate and M&A practice.’

‘Good client service and excellent drafting skills.’