YKVN is a pioneer in securities and capital market transactions in Vietnam. Our Capital Markets practice is consistently ranked amongst the best in Vietnam. We regularly act for leading multinationals, state owned enterprises and foreign invested businesses, advising on full range of matters including equity offerings, debt offerings, investment funds and regulatory issues. In addition, the practice often represents investment banks, acting as underwriter’s counsel. The Firm’s strong client base and deal exposure ensures that the capital markets team stays current with developments in the market. Our lawyers have played key roles in ground breaking deals and, more often than not, in significant legal developments in Vietnam’s securities market.

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 major Vietnamese privately-owned corporates (Masan Corporation), global investment banks active in Vietnam (JP Morgan and Morgan Stanley) and international commercial banks (HSBC and Barclays).

Representative transactions include:

Equity Capital Markets

  • Counsel to the lead manager JP Morgan on the attempted secondary listing of Vinamilk shares on SGX.

  • Counsel to the lead manager JP Morgan on the attempted secondary listing of Tan Tao shares on SGX.

  • Counsel to the lead manager Credit Suisse on the attempted secondary listing of Vincom Joint Stock Company (Vingroup) shares on SGX.

  • Counsel to the issuer Masan Group Corporation on its attempted secondary listing of shares on SGX.

  • Counsel to the issuer Masan Group Corporation on its attempted listing of GDRs on SGX.

  • Counsel to the issuer PetroVietnam Finance Corporation (PVFC) on its attempted secondary listing of shares on SGX.

Debt Capital Markets

  • Counsel to the joint lead managers Deutsche Bank, HSBC and Standard Chartered Bank on the US$ 1 billion sovereign bonds of Vietnam and the concurrent tender offer to repurchase existing sovereign bonds of Vietnam.

  • Counsel to the joint lead managers Barclays, Citigroup and Deutsche Bank on the US$ 1 billion sovereign bonds of Vietnam.

  • Counsel to the joint lead managers Barclays and HSBC on the US$ 250 million bond issue of Vietnam Joint Stock Bank for Industry and Commerce (Vietinbank).

  • Counsel to the joint lead managers BNP Paribas, Deutsche Bank and Morgan Stanley on the attempted Rule 144A/Regulation S international bonds of PetroVietnam Group (PVN).

  • Counsel to the lead manager Credit Suisse on the US$ 200 million high yield bonds of  Vincom Joint Stock Company (Vingroup).

  • Counsel to the lead manager Credit Suisse on the US$ 100 million convertible bonds of Vincom Joint Stock Company (Vingroup) and subsequent issues.

  • Counsel to the lead manager Credit Suisse on the US$ 90 million high yield bonds of Hoang Anh Gia Lai.

  • Counsel to the lead manager Credit Suisse on the attempted US$ high yield bonds of KBC Group.

  • Counsel to the lead managers HSBC and Standard Chartered Bank on the VND 2,000 billion bond issue of Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

  • Counsel to the issuer, Techcombank, on the issue of its tier-2 capital convertible bonds.

  • Counsel to the issuer, Texhong Textile (Group) Co. Ltd., on its high yield bonds issuance guaranteed by its subsidiaries in the PRC and Vietnam.