Our banking and finance practice is widely recognized as a pre-eminent practice in Vietnam.  We are one of a very few firms that represent all four major State-owned banks in Vietnam, in addition to many other international financial institutions.  Our banking and finance group has particularly strong and extensive expertise in the Vietnamese market.  YKVN’s banking practice is consistently ranked in the top-tier by most of the reputable law and financial review institutions.

YKVN is the counsel-of-choice in many of the most complex, ground-breaking and high value transactions in Vietnam.  Our lawyers are very experienced in representing lenders or borrowers in commercial banking matters.  In addition, we regularly advise clients on implementing their new cutting-edge and innovative banking products in Vietnam.  Our team also has in-depth experience in capital markets, asset finance, bank M&A and derivatives.

The Firm’s approach to staffing emphasizes the strong integration of its resources so that the best available lawyers in the Firm are deployed on client matters without regard to the matter’s connection with any one office.

Representative clients include global investment banks active in Vietnam (Credit Suisse, JP Morgan, Morgan Stanley, Deutsche Bank and Barclays), international commercial banks (Citibank, HSBC and Standard Chartered Bank) and all the major state owned banks (Vietnam Joint Stock Bank for Industry and Commerce (Vietinbank), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Agribank).

Representative transactions include:

Syndicated Loans

  • Advising Vietnam Shipbuilding Group (Vinashin) on a US$650 million syndicated financing arranged by Credit Suisse.
  • Advising PetroVietnam Exploration Production Corporation Ltd (PVEP) on a US$430 million syndicated financing arranged by Standard Chartered Bank.
  • Advising Vingroup Joint Stock Company (Vingroup) on a US$100 million syndicated financing arranged by Credit Suisse.
  • Advising Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) on a US$75 million syndicated financing arranged by Standard Chartered Bank.

Asset Finance

  • Advising Vietnam Airlines on the US Eximbank-guaranteed financing of its purchase of 4 Boeing 777-200 aircraft.

  • Advising Vietnam Airlines on the ECGD-COFACE-HERMES-guaranteed financing of its purchase of three Airbus 321-231 aircraft.

  • Advising Vietnam Airlines on the ECGD-COFACE-HERMES-guaranteed financing of six ATR-72 500 aircraft.

  • Advising Vietnam Airlines on the ECA backed financing of 10 Airbus A321-231 aircraft.

  • Advising various lessors such as SkyWest, AerCap, AirCastle, Babcock & Brown and CIT Aviation Finance in relation to the financing for the leases of aircrafts to airlines in Vietnam such as Vietjet Air, Jetstar Pacific Airlines and Air Mekong.

Acquisition Finance

  • Advising Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on a US$50 million financing of the purchase by TH Milk Food Joint Stock Company of shares held by Tate & Lyle in Anglo Vietnam Sugar Investments Limited.

Bank M&A

  • Advising Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on the sale of a strategic stake to Mizuho Corporate Bank.

  • Advising Vietnam Joint Stock Bank for Industry and Commerce (Vietinbank) on the sale of a strategic stake to Bank of Tokyo Mitsubishi UFJ.

  • Advising SH Bank on the merger with Habubank.

  • Advising PetroVietnam Finance Corporation on the consolidation with Western Bank to form PVcombank.

Derivatives

  • Advising Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Maritime Commercial Joint Stock Bank of Vietnam and other banks and corporates on ISDA derivatives transactions.

  • Advising on credit risk swap transactions with regards to government bonds between Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Barclays Bank.

  • Advising on the sale/buy-back of bonds between Joint Stock Commercial Bank for Foreign Trade of Vietnam (VIetcombank) and Standard Chartered Bank.