Entering The Global Stage & YKVN’s Pivotal Role
During the 2000s, Vietnam’s rapid global integration is marked by key milestones, including its WTO accession in 2007. This period sees significant foreign investment, industrial growth, and infrastructure development as Vietnam emerged as a competitive economy. Laws on investment, enterprise, and securities transform the business environment, promoting transparency, competition, and capital market growth.
In this transformative period, YKVN becomes a prominent player, advising on landmark cross-border transactions and large-scale projects.
As the only firm representing all major state-owned banks and global financial institutions, YKVN introduces international-standard documentation to Vietnam’s syndicated loan market. We play a pivotal role in privatization deals, including Vietcombank (2007), Vietinbank (2008), and other major listings, solidifying our leadership in Vietnam’s economic transformation.
“The best local firm in Vietnam”
IFLR
“Impressive YKVN’s professional and dedicated team”
Legal 500
“Able to offer nuanced, sophisticated advice to foreign clients with investments in Vietnam”
Chambers
Photo: U.S.-Vietnam Bilateral Trade Agreement © Vietnam News Agency
2000
U.S.-Vietnam Bilateral Trade Agreement (BTA)
Normalized trade relations with the U.S., leading to a surge in exports and attracting substantial foreign investment, accelerating economic growth
This early influence set the stage for YKVN’s continued impact, including future key contributions to the Enterprise Law, Investment Law, and Securities Law.
Photo: Ho Chi Minh City Securities Trading Center Opening Ceremony © Vietnam Investment Review
2000
Capital Markets Development
The Ho Chi Minh Stock Exchange is established in 2000, followed by the Hanoi Stock Exchange in 2005.
This is a pivotal period for Vietnam’s capital markets, providing businesses with access to financing and driving economic modernization.
2001
Advised Four State-Owned Banks on First Syndicated Loan Transactions
Represented Vietnam’s four state-owned banks and several international banks in their initial syndicated loan transactions, including a pioneering deal syndicated by Chinfon Bank.
This marked the first use of international-standard documentation by these banks in Vietnam. Since then, our templates have been widely adopted in the domestic syndication market, particularly by state-owned banks for corporate and project finance.
2002
Landmark Trade Defense: Vietnam’s First Major Dispute with the U.S.
Represented the Vietnam Association of Seafood Exporters and Producers (VASEP) in defending against U.S. anti-dumping measures on Vietnamese catfish exports. This pivotal case safeguarded Vietnam’s seafood industry and set a precedent for the country’s approach to international trade disputes.
2003
Inaugural IFLR Vietnam Firm of the Year
YKVN awarded 12 times over the last 20 years since the award launch: 2003, 2004, 2005, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2017 and 2023.
2004
Competition Law
(revised in 2018)
Regulated anti-competitive practices and mergers, ensuring fair competition, and promoting innovation in a rapidly growing economy.
2005
“ALB National Deal Firm of the Year”
The first time this distinction is awarded to a Vietnamese law firm.
2005
Law on Enterprises and Public Companies
(revised in 2014 and 2020)
Modernized corporate governance and transparency, helping companies align with international standards and attract more foreign investors.
2005
Law on Investment
(amended in 2014 and 2020)
Created a unified legal framework for domestic and foreign investment, boosting foreign direct investment and modernizing the investment climate.
Photo: © Vietnam Airlines
2005
Landmark Aviation Financing: Vietnam Airlines’ US Eximbank-Guaranteed Deal
Advised Vietnam Airlines on the US Eximbank-guaranteed financing for its purchase of four Boeing 777-200 aircraft. This groundbreaking transaction was one of the first Eximbank-guaranteed financings for a Vietnamese company, highlighting Vietnam Airlines’ growing international presence and setting a precedent for future high-profile aviation financings in Vietnam.
2006
Law on Securities
(amended in 2010 and 2019)
Established Vietnam’s capital markets, facilitating the growth of stock exchanges and improving corporate governance and investment opportunities.
2007
Vietnam’s First Sovereign International Bond Issuance
Advised underwriters Barclays, Citigroup, and Deutsche Bank on Vietnam’s landmark US$1 billion sovereign bond issuance. This historic transaction marked Vietnam’s debut in the international bond market, setting a precedent for the country’s access to global capital and enhancing its financial integration on the world stage.
Photo: © Vietnam News Agency (VNA)
2007
Vietnam joins WTO
A pivotal moment in the country’s integration into the global economy.
Photo: © Diễn đàn doanh nghiệp
2007
Start to Advise in Vietnam’s Pioneering Privatizations and IPOs
In 2007, YKVN began advising Vietcombank on its landmark privatization, including an IPO and HOSE listing in 2007 and 2009, followed by the sale of a 15% strategic stake to Mizuho Corporate Bank in 2011.
Following this significant transaction, YKVN played a central role in Vietnam’s privatization wave, advising on other major deals, including Vietinbank’s privatization in 2008, BIDV in 2011, Vietnam Airlines in 2014, and Petrolimex in 2011.
YKVN has also provided counsel on significant equity and debt capital market transactions for prominent clients such as Vinamilk, Vingroup, Masan, and Hoang Anh Gia Lai, further cementing our role as a trusted advisor in Vietnam’s economic transformation
2007, 2008 and 2009
“ALB Employer of Choice”
For three consecutive years
2008
Global Financial Crisis
Challenged Vietnam’s economy, causing slowdowns but prompting policy adjustments that strengthened long-term stability and resilience.
