Leading Individuals

Insurance in Vietnam

Baker McKenzie

Baker McKenzie's Vietnam insurance offering ‘has a strong understanding of the local law’ yet retains the ability to competently act on international affairs, including licensing requirements applicable to offshore insurance providers. The firm has engaged with a strong body of work over the past twelve months, including issues pertaining to case-by-case insurance exemption scenarios, cybersecurity and data infringements, insurance agency arrangement negotiations, and business model counsel, amongst others. Thanh Hai Nguyen has had an exceptional year overseeing a range of domestics and cross-border insurance-related transactions, possessing a considerable understanding of the relevant regulatory frameworks and working closely with a stellar list of insurance and financial-services institutions. Oanh Nguyen has primarily focused on business and licensing arrangements, while associate Viet Trung Nguyen has played a key supporting role on a wide variety of matters.

Practice head(s):

Oanh Nguyen; Thanh Hai Nguyen

Other key lawyers:

Viet Trung Nguyen


‘Bakers Vietnam has a strong understanding of the local law yet understands the constraints or expectations of a company with international operations.’

‘It has been a pleasure to work with Thanh Hai Nguyen and the team. They are responsive and strive to understand the client’s needs to work out a practical not just legal solution.’

Frasers Law Company

In the wake of an impressive run which has seen the team advising an increased stream of foreign insurance entities, Frasers Law Company continues to exhibit a strong insurance practice that assists with business model reviews, insurance plans and policy reviews, M&A transactions, joint venture and distribution agreements, and refinancing procedures, including insurance plan changes. An enviable client list includes pan-Asia Pacific entities, global investment firms, and a range of premium insurance groups. Mark Fraser heads the team, leveraging over 25 years’ market experience in advising clients on regulatory and compliance issues alongside a wide body of insurance-related work. Duong Thi Mai Huong has been a vital part of the practice, regularly working alongside Fraser on the firm’s most consequential mandates and gaining fantastic exposure to a multitude of insurance-based instructions.

Practice head(s):

Mark Fraser

Other key lawyers:

Duong Thi Mai Huong; Phung Thi Thanh Thao

Vina Legal

Vina Legal exhibits a contentious and non-contentious insurance practice that includes advice on regulatory mandates and M&A transactions, representation in litigation and arbitration proceedings, and assistance with service provision issues, working with a wide array of Asian and European clients. Founder, managing partner, and team head Duong Quang Long is active across all group matters, engaging with a diverse body of work and possessing strong cross-border expertise. Vu The Hanh and Tran Ngoc Thanh also come recommended.

Practice head(s):

Duong Quang Long

Other key lawyers:

Vu The Hanh; Tran Ngoc Thanh


‘What makes Vinalegal unique is its professionalism in consulting services through their approach and consideration of the matter, and the solutions that Vinalegal provides for my business are carefully, objectively, and comprehensively considered, pointing out both positive and negative points.’

‘What makes me satisfied and highly appreciate of Vinalegal’s human resources is their transparency and honesty in handling tasks, always ready to point out the shortcomings of customers and have effective solutions to change and improve the situation.’

‘With the experienced and expert lawyers, they discussed and analysed situations and confirmed the law to provide good advice.’

‘Professional network; a well-connected team with relationships with experts, investigators, and other professionals who could support our cases.’

‘Good communication skills, good listener, articulate, and capable of explaining complex legal matters in understandable terms.’

‘We feel comfortable discussing sensitive matters with them.’

‘Strategic approach and we understand how the lawyer plans to approach our cases.’

Key clients

Foyer Santé S.A. – Global Health

Tokyo Marine Insurance

UIC Insurance

Bao Viet Insurance

VietinBank Insurance Corporation

Post and Telecommunications Insurance JSC

Thai Insurance Public

China Taiping Life Insurance (Hong Kong) Company Limited

Fubon Insurance


ASG Logistics JSC

Bao Viet Holdings



VietinBank Securities JSC

Tan Viet Securities JSC

AASC Auditing Ltd

CJ Food Corporation

Vietnam National Textile and Garment Corporation

Vietnam Steel Corporation

Aon Vina Co., Ltd (South Korea)


Agricultural and Materials Import Export No. 3 JSC

Work highlights

  • Advised Foyer Santé S.A on complicated legal matters on cross-border health insurance.
  • Advised CJ Foods on claiming compensation from insurance companies for damages in a very large fire in the food factory in Ho Chi Minh City.
  • Advised Tokyo Marine Insurance Ltd on a number of legal issues in the provision of insurance services.