A&O Shearman is highly regarded for its specialist debt finance team, which advises a broad range of international investment banks and domestic clients on syndicated and bilateral loans, restructuring, receivables financing, non-performing loans, and aircraft leasing. The team is particularly adept at the structuring and execution of complex security packages, and is noted for its expertise in advising sponsors and lenders in the energy sector. The practice is led by Duc Tran, who brings extensive experience in advising Vietnamese corporates as borrowers in cross-border transactions. Minh Tran is a key contact for high-profile syndicated loan deals and project financing. Hai Nguyen joined from YKVN in July 2025.

Baker McKenzie is frequently sought after by international clients to advise on complex, multi-jurisdictional financing matters, with notable expertise in handling both syndicated onshore and offshore financing arrangements. The firm is recognised for its ‘deep understanding of the banking and finance sector’, and plays an active role in shaping Vietnam’s legislative and regulatory landscape. The practice is led by Oanh Nguyen, a specialist in high-stakes banking and finance transactions. Other key figures include Ngo Thai Ninh, who has significant expertise in foreign exchange transactions, swaps, and derivatives, and Phuong Chi Vo, who focuses on banking, financial services, and infrastructure. Thuy Van Pham is also a notable contact for cross-border loan transactions.

VILAF advises clients across a broad range of cross-border banking and finance matters, including asset finance, financial restructuring, project finance, banking, financial services, M&A, and fintech. The firm benefits from a deep bench of expertise, with the practice being jointly led by Duyen Ha Vo, based in Ho Chi Minh City, and Hung Nguyen, based in Hanoi, both of whom are experienced in handling sophisticated transactions for international banking clients. Other key figures include energy and aviation specialist Tran Phong, seasoned commercial and banking lawyer Anh Dang, and Trung Vu, who is experienced in M&A and asset finance.

YKVN advises a diverse range of domestic and international banking clients and plays a key role in driving the adoption of international-standard documentation, particularly in the domestic syndicated loan market. The practice is led by Truong Nhat Quang, based in Ho Chi Minh City, who brings a wealth of expertise in handling complex banking and finance matters. Duong Thu Ha, based in Hanoi, frequently leads significant financing transactions, and Vu Dieu Huyen regularly advises state-owned banks, joint stock commercial banks, and foreign banks on financing and security transactions. Hai Nguyen departed the firm in May 2025.

With notable expertise in project financing, as well as cross-border structured and acquisition financing, Allens is frequently sought after by international clients on both lender and borrower side transactions. The firm is also active in the project finance space, acting on a number of large-scale developments. The practice is led by Linh Bui, who has experience in high-profile financings. The group benefits from a strong bench, including Giles Cooper, who has particular expertise in renewable energy and infrastructure projects, and Ngoc Anh Tran, a specialist in structured transactions.

Frasers Law Company provides domestic and international clients with ‘strong market insight, technical excellence, and consistent commercial acumen’ across a range of banking and finance matters, with a particular focus on project finance. The firm also advises clients on loan refinancing and restructuring, as well as general bank lending in the infrastructure and fintech sectors. The practice is jointly led by Mark Fraser, an expert in structuring and executing finance transactions, and Ho Thuy Ngoc Tram, who demonstrates a deep understanding of banking regulations and practical financing issues. Duong Thi Mai Huong is a key contact for fintech-related matters, while Pham Thanh Mai advises on cross-border finance transactions.

Hogan Lovells International LLP continues to advise prominent financial institutions on large cross-border financings involving state-owned and private companies across Vietnam. The firm is experienced in handling complex structured credit transactions. The team is led by Gaston Fernandez, who is praised for fostering a ‘spirit of collaboration‘, while Duong Pham brings strong expertise in syndicated lending and trade finance. David Harrison joined the team in March 2025 from Mayer Brown, bringing a wealth of experience across all aspects of banking and finance.

KPMG Law in Vietnam provides comprehensive legal counsel to financiers and borrowers, with particular expertise in acquisition finance, project finance, financial services, and regulatory compliance. The practice also offers regulatory and licensing services, including assisting clients with obtaining banking licenses, establishing representative offices, and setting up branch networks across Vietnam, alongside general compliance assistance. Nguyen Mai Phuong leads the practice, with experience across the full lifecycle of projects and financing transactions.

Based in Hanoi, LNT & Partners advises international clients within the financial services, fintech, and energy sectors. The team is particularly experienced in advising clients on regulatory structuring, security enforcement, and cross-border debt recovery, as well as complex financing transactions involving debt, equity, and hybrid instruments. The practice is jointly led by Le Net, who deeply understands the evolving regulatory landscape, and Vu Thanh Minh, who brings considerable sector expertise.

Rajah & Tann LCT Lawyers is experienced in structuring and executing financing transactions involving both offshore and onshore elements, with particular strengths in the real estate, infrastructure, renewable energy, healthcare, and manufacturing sectors. The practice routinely advises on high-value, multiphased project financings and syndicated loans, and has notable expertise in the fintech regulatory landscape. Nha Nguyen Dinh leads the practice from Ho Chi Minh City, bringing extensive knowledge of transaction structuring, while Thuy Huynh Thi Thu often leads on complex cross-border financing transactions.

Watson Farley & Williams LLP advises international clients on both project finance and syndicated corporate lending, with a strong focus on ESG financings. The practice is jointly led by Matt Lorimer, based in Hanoi, who specialises in deal structuring and financing international investments in emerging markets, and Linh Doan, based in Hong Kong, who has advised government entities, sponsors, lenders, and investors on several high-profile power plant developments and financings in Vietnam.

Asia Counsel Vietnam Law Company Limited specialises in advising international clients on the strategic structuring of complex lending transactions in Vietnam. The firm is also adept at drafting and negotiating transaction documents related to corporate debt funding. Leading the practice is seasoned banking and M&A lawyer Phong Nguyen, who benefits from the support of banking and M&A specialists Minh Duong and Justin Gisz.

With offices in Hanoi and Ho Chi Minh City, Duane Morris Vietnam LLC advises a range of clients across recapitalisation and digitisation practices, including funding transactions and digital transformation projects for banks. The practice is co-led by Lang Thi Nguyen, a specialist in M&A and inward investment deals, and Oliver Massmann, who handles a variety of corporate and commercial matters for international clients. Minh Duc Hoang is also a key contact.

Mori Hamada Vietnam Hanoi Office advises a range of international clients across a broad range of banking and finance matters, with specialisms in the real estate and energy sectors. Takeshi Mukawa leads the practice and frequently handles complex cross-border matters. Ha Thi Dung is a key figure, experienced in advising on syndicated loan transactions and project financing, alongside Hiroki Kishi, who advises lenders and sponsors on project financing.

Tilleke & Gibbins continues to attract a range of international and domestic clients seeking advice on financial instruments, financial workouts and restructuring, foreign direct investment, licensing and regulatory compliance. The firm has particular experience in project financing in the energy sector, as well as a deep understanding of evolving fintech regulations. Leading the practice is Tram Ngoc Bich Nguyen, based in Ho Chi Minh City.