Projects, Infrastructure & Energy
Asia-Pacific Guide 2024 : Vietnam
Band 2
Contact number
+84 24 3934 5410About
Provided by YKVN LLC
The Projects group is highly regarded in the Vietnamese marketplace, having detailed, hands-on experience with the allocation of various project risks among the concerned parties. We understand the impact that these risk allocations have on the transactions, and we are skilled at ensuring that, and demonstrating to project investors that, project risks have been properly distributed, allocated and addressed in the underlying commercial contracts. When we work with our clients on these projects, we provide more than just legal advice.
We provide business, strategic and cultural advice in assisting our clients in structuring, negotiating and documenting project and financing agreements tailored to their projects in Vietnam.
YKVN has been involved as Vietnamese lenders’ counsel with some of the largest project finance transactions to close in recent years in a range of sectors including electricity, power, renewable energy, cement, petroleum and mining. Our experience also includes acting as developer counsel or Vietnamese counsel for international investors on agenda-setting energy projects, advising on a broad range of issues from foreign investment restrictions and transaction structures to government approvals, land, grid connection and PPA issues.
We have recently advised international lenders in the US$1.3 billion international financing of Mong Duong 2 project and many other landmark projects in Vietnam.
Chambers Review
YKVN is frequently instructed by Vietnamese and international financial institutions and Asian investors to advise on local project financing and legal regulatory issues. The firm wins praise for advising sponsors and developers on project development and transactional matters, including renewable energy and oil and gas-related matters. YKVN is also noted for its real estate work, including financing, land acquisitions and M&A, as well as land disputes. Examples of YKVN's clientele include Bangkok Bank, Lautan Luas Vietnam and Tasco.
Work Highlights
- YKVN advised Bangkok Bank and Bangkok Bank's Ho Chi Minh City branch on providing a syndicated loan to finance the 48 MW Tra Vinh V1-2 Offshore Wind Power Plant Project.
- The firm also acted for Lautan Luas Vietnam on a breach of contract case initiated by a Taiwanese company, which arose from a failed real estate deal.
Notable Practitioners
Truong Nhat Quang is the managing partner of YKVN and is based in its Ho Chi Minh City office. He is active in assisting clients with project financing and sector-relevant transactions.