YKVN > Hanoi, Vietnam > Firm Profile

YKVN
Suite V1201-02, Pacific Place
83B Ly Thuong Kiet Street
Hoan Kiem District
Vietnam

Vietnam > Banking and finance Tier 1

At YKVN, the banking and finance department has a thriving practice that is primarily focused on domestic transactions. It advises both lenders and borrowers, and is increasingly active in consumer finance deals, as well as project finance mandates in the energy sector. Managing partner Truong Nhat Quang sits at the helm of the group with an impressive client roster that includes Vietnamese banks and corporates, global investment banks, and global private equity funds. Duong Thu Ha works predominantly with state-owned banks and Vietnamese corporates, whilst Vu Dzung is involved in asset finance transactions for aircrafts, and project and infrastructure financings. Vu Dieu HuyenNguyen Van Hai, and Nguyen Thu Hang are also key contacts in the team.

Practice head(s):

Truong Nhat Quang

Key clients

Masan Group Corporation

Deutsche Bank AG, Singapore Branch

Export-Import Bank of Thailand

Bank for Foreign Trade of Vietnam

Vietnam Prosperity Joint Stock Commercial Bank

Citibank

Military Commercial Joint Stock Bank

MB Securities Joint Stock Company

Tien Phong Commercial Joint Stock Bank

Flemmington Investments Pte Ltd

Rizal Commercial Banking Corporation

Barings Australia Pty Ltd

SHB Finance in Vietnam

Ho Chi Minh City Development Joint Stock Commercial Bank

Work highlights

  • Advised Joint Stock Commercial Bank for Foreign Trade of Vietnam on a $1.5bn syndicated financing for the development of Hoa Phat Dung Quat 2 Iron and Steel Manufacturing Complex.
  • Advised Military Commercial Joint Stock Bank, Tien Phong Commercial Joint Stock Bank, MB Securities Joint Stock Company and Tien Phong Securities Joint Stock Company on the $230m syndicated financing for the third production line of Xuan Thanh Cement Plant.
  • Advised VPBank in respect of its sale of 49% of the contributed capital in VPBank Finance Company, to SMBC Consumer Finance Co.

Vietnam > Capital markets Tier 1

YKVN’s capital markets team handles major domestic and cross-border debt and equity transactions, including IPOs, block trade mandates and bond issuances. Based in Ho Chi Minh City, managing partner Truong Nhat Quang leads the team with an active and well-established practice, and counts Vietnamese and global banks and corporates among his key roster of clients. Vu Dzung, who also operates from the firm’s Ho Chi Minh City, and Hanoi-based Duong Thu Ha are key contacts in the practice.

Practice head(s):

Truong Nhat Quang

Other key lawyers:

Key clients

Grab Holdings Inc.

UBS Group AG

PT Cemindo Gemilang

Masan Group Corporation

Ho Chi Minh City Development Joint Stock Commercial Bank

Thaco Group

Work highlights

  • Advised Masan Group Corporation in the sale of 100% of its feed-related business to De Heus through issuance of exchangeable bonds.
  • Advised Grab Holdings Inc regarding its IPO in the U.S. via SPAC.
  • Advised HD Bank regarding its issuance of its USD-denominated convertible bonds due in 2026.

Vietnam > Corporate and M&A Tier 1

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

Testimonials

‘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.

Vietnam > Dispute resolution: arbitration Tier 1

YKVN‘s ‘very strong and professional’ team handles arbitration cases in the VIAC and SIAC, often regarding complex foreign investment, construction and commercial disputes. Truong Trong Nghia co-chairs the dispute resolution group in Ho Chi Ming City alongside Luu Tien Dzung in Hanoi, and Singapore-based K. Minh Dang leads the international arbitration practice with particular expertise in the oil and gas industry. Both Nghia and Dzung have substantial experience in advising major Vietnamese corporations and international clients. Do Khoi Nguyen and Pham Minh Thang are also notable lawyers based in Singapore and qualified in Vietnam.

Practice head(s):

Truong Trong Nghia; Luu Tien Dzung; K. Minh Dang

Other key lawyers:

Testimonials

‘Very strong and professional team in collaborating and preparing documents and supporting evidence for a case.’

‘Excellent relationship with local clients, understands how big law firms operate and works seamlessly with the client’s team. Excellent judgment and very commercial approach to matters.’

‘K. Minh Dang is terrific – highly responsive, terrific strategic judgment, and knows the local players as well as the international arbitration players.’

‘Luu Tien Dzung and Nguyen Hong Ha’s knowledge in the applicable law and FIDIC contract terms, and their confidence in defending their grounds of evidence, make them highly outstanding among other competitors.’

Key clients

Tasco Joint Stock Company

Work highlights

  • Advising Tasco on its appeal against a judgment of Hoai Duc District Court regarding Tasco’s claim for contractual damages and Housing Urban Development Corporation’s performance of a land handover agreement between the parties in 2017.

Vietnam > Dispute resolution: litigation Tier 1

YKVN‘s practice handles both local and cross-border commercial litigation cases. Truong Trong Nghia leads the team from Ho Chi Minh City alongside Luu Tien Dzung in Hanoi. Dzung, who was previously a law clerk for the Chief Justice of the Supreme People’s Court of Vietnam, represents state-owned, domestic and international companies in foreign trade and contractual disputes, while Nghia handles a range of domestic and cross-border disputes. Also of note is Do Khoi Nguyen, who is skilled in construction mandates, and Nguyen Hong Ha, who has expertise in trade disputes.

Practice head(s):

Truong Trong Nghia; Luu Tien Dzung

Other key lawyers:

Testimonials

‘The people are proactive and very professional in their actions. They are very knowledgeable.’

‘The team is supported by a team of younger and enthusiastic lawyers based in Ho Chi Minh and Hanoi.’

Key clients

Lautan Luas Vietnam Co., Ltd

Buhler Asia Vietnam Limited

Work highlights

  • Advising Lautan Luas on a breach of contract case arising from a complex failed real estate deal.
  • Advising Buhler Asia on a breach of contract dispute with a buyer.

Vietnam > Projects and energy Tier 1

Counting lenders, investors and developers among its key roster of clients, YKVN handles large project finance transactions across a range of sectors, including electricity, power, renewable energy, cement, petroleum and mining. Managing partner Truong Nhat Quang leads the practice from Ho Chi Minh City and is especially strong in mandates involving banking and finance, M&A and capital markets. Duong Thu Ha, who is a name of note in Hanoi, advises state-owned and international banks, as well as domestic and multinational corporations. Nguyen Van Hai and Vu Dieu Huyen are also key members of the team.

Practice head(s):

Truong Nhat Quang

Key clients

Bitexco Energy Ltd.

Chubu Electric Power Co., Inc.

Joint Stock Commercial Bank for Foreign Trade of Vietnam

Rizal Commercial Banking Corporation

Military Commercial Joint Stock Bank

MB Securities Joint Stock Company

Tien Phong Commercial Joint Stock Bank

Work highlights

  • Advised Vietcombank and other local commercial banks in respect of a $1.5bn syndicated financing for the development of Hoa Phat Dung Quat 2 Iron and Steel Manufacturing Complex.
  • Advised Vietcombank regarding the financing of Quang Trach 1 Thermal Power Project.
  • Advised Military Commercial Joint Stock Bank, Tien Phong Commercial Joint Stock Bank, MB Securities Joint Stock Company and Tien Phong Securities Joint Stock Company regarding the syndicated financing for the third production line of Xuan Thanh Cement Plant.

Vietnam > Data protection Tier 2

YKVN is increasingly active in the data protection and cybersecurity arenas, with a focus on representing foreign invested enterprises on their adherence to local data protection law and providing them with regulatory advice. Managing partner Truong Nhat Quang leads the team and corporate partner Diep Hoai Nam is also a key contact.

Practice head(s):

Truong Nhat Quang

Other key lawyers:

Key clients

Wabidev

Vietnam > TMT Tier 2

YKVN’s TMT practice sits within the firm’s corporate and M&A group and dispute resolution team. It has a wide client base, advising state owned enterprises, owners, investors, and funds regarding their presence in Vietnam. In particular, it handles TMT transactions in the areas of media, e-commerce, IT, and advertisement. Managing partner and corporate lawyer Truong Nhat Quang leads the team and is supported by Nguyen Van Hai and senior associate Ho Anh Tuyet.

Practice head(s):

Truong Nhat Quang

Other key lawyers:

Nguyen Van Hai; Ho Anh Tuyet; Pham Minh Thang

Key clients

Citibank

Grab Holdings Inc.

Work highlights

  • Advised Grab Holdings Inc regarding its IPO in the U.S. via SPAC.
  • Advised Citibank on a short-term fully cash collateralised loan with the principal amount of up to $103m to a Vietnam-incorporated borrower to fund the borrower’s acquisition of certain treasury shares in VNG.
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