Mr Phong Tran > VILAF > Hanoi, Vietnam > Lawyer Profile


Work Department

Banking & Finance, Capital Markets, Corporate/M&A and Project & Infrastructure


Founding Partner


Phong is recommended  as  a  top-tier  lawyer  in  the  banking &  finance and  capital  market  practice  (Legal  500, IFLR 1000 and AsiaLaw) and the M&A practice (Legal 500, Chambers & Partners and ALB Asia).

Phong has been recognised as a market leader by IFLR 1000 in banking & finance, corporate and infrastructure & energy. Who’s Who Legal recognised him as an expert in Energy and Aviation sectors and IFLR1000 ranked him as an Asia Best Lawyer in 2019, 2020 and 2021 (Vietnam top 4 lawyers). Legal 500 honoured him in the Legal 500 Asia Pacific Hall of Fame, among top 7 foreign and Vietnamese lawyers in this elite lawyer group for Vietnam. Phong is listed in the Vietnam’s top 100 lawyers list of Asia Business Law Journal and ranked ALB Asia 2021’s Top 15 M&A Lawyers.

With 27 years’ board experience in law practice, Phong has represented numerous international sponsors and lenders in relation to foreign invested 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 AES – Son My 2 LNG to Power Project, Marubeni Corporation and WTO – Omon II LNG to Power Project, the sponsors – Quang Ninh LNG to Power Project, ACWA Power (previously K-Exim and K-Sure as the potential ECAs) – Nam Dinh 1 Power Project, Marubeni Corporation/KEPCO – Nghi Son 2 Power Project, Sumitomo Corporation – Van Phong 1 Power Project, AES – Mong Duong 2 Power Project, VAPCO – Vung Ang 2 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, Vingroup’s series of M&A transactions with GIC, Credit Suisse, Hanwha, Warbus Pincus, SK and Masan, Vincom Retail’s and Vinhomes’ Rule 144A international placement/HOSE listing and some overseas IPO/listing transactions.


Vietnamese, English




Hanoi Law University, LL.B., 1995

Tulane University (US), LL.M., 2002 with distinction, Fulbright Scholarship


Phong is a highly regarded attorney for his admirable capacity to provide practical solutions that well suit the clients’ needs.  The Legal 500, 2021 edition, commented “Tran Tuan Phong, the founding partner, with his broad, strategic, balanced view is the uniquely top lawyer in the field. Creative and deep experienced team led by the founding partner, Mr. Tran Tuan Phong, providing excellent advice from various angles to see the possible solutions to difficult subjects in the projects and energy sector in Vietnam, especially at the juncture of delicate development of various energy projects in the country”. “Tran Tuan Phong is a leading name in the market, regularly advising domestic and international companies on M&A transactions and joint venture investments. He is well versed in the finance, private equity and construction industries.” (Chambers & Partners 2019 Edition). The AsiaLaw, 2020 Edition, said about Phong “Very innovative and problem solving as well as understanding the client’s issue and providing excellent advice.Phong is highly rated by market commentators, who say he “has a tremendous practice” (Chambers & Partners 2021 Edition) and he has “very positive and problem-solving” with “deep knowledge of the power sector and project finance deals.” (IFLR 1000 2021 Edition). Phong is “profound and versatile knowledge; high ethics” (IFLR 1000 2022 Edition) and widely recognised as “a specialist in infrastructure and power project financing and acquisitions.” (Chambers and Partners 2022 Edition)

Lawyer Rankings

Vietnam > Banking and finance

(Hall of Fame)

Phong Tran  – VILAF

VILAF has a ‘fantastic ensemble of specialists’ and is a ‘go-to firm in Vietnam’, providing both international lenders and sponsors with support on cross-border financing transactions, as well as advising on business structuring and regulatory mandates. Duyen Ha Vo leads the team from the firm’s office in Ho Chi Minh City alongside Hanoi- based Hung Nguyen. Vo is active in energy project financings, syndicated loans, and secured financing, and Nguyen handles syndicated and bilateral financing, as well as regulatory matters. Phong Tran is an expert in project and asset financing and Trung Vu is another key member of the team.

Vietnam > Capital markets

(Leading individuals)

Phong Tran – VILAF

At VILAF, the well-established capital markets team is active in advising domestic and international issuers, underwriters and arrangers on IPOs, structured de-listings, and denominated bond offerings, amongst other high-profile matters. In the firm’s Ho Chi Minh City office, Duyen Ha Vo leads the practice alongside Hanoi-based Hung Nguyen. Phong Tran is noted for his expertise in IPOs and international bonds, while Anh Dang and Trung Vu are also key contacts in the team.

Vietnam > Corporate and M&A

(Leading individuals)

Phong Tran – VILAF

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 Ha 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 Ngoc Anh Bui are also key contacts in the practice.

Vietnam > Projects and energy

VILAF is active across a broad spectrum of mandates, including LNG to power projects, renewable energy projects, and project financing. In the firm’s Hanoi office, Phong Tran has experience advising both lenders and sponsors on BOT and infrastructure projects, while Ngoc Anh Bui has expertise in corporate matters. Ho Chi Minh City-based Hien Truc Nguyen and Anh Dang, who operates from the firm’s Hanoi office advise on M&A transactions in the energy and natural resources sectors, and Ho Chi Minh City-based Duyen Ha Vo focuses on project financings.