Knowledge Center

Written by Senior Partner Duyen Ha Vo and Counsel Hanh Hien Nguyen The new Law on Rehabilitation and Bankruptcy 2025 (the “2025 Law”) marks a fundamental shift in Vietnam’s insolvency regime, with material implications for creditors and enterprises. Vietnam’s insolvency regime has evolved significantly since the enactment of the Law on Enterprise Bankruptcy 1993 (the first bankruptcy law), followed by the Bankruptcy Law 2004 and the more comprehensive Bankruptcy Law 2014 (the “2014 Law”), which […]

Vietnam’s banking and finance sector continues to evolve amid global economic shifts and domestic regulatory reforms. In the Banking & Finance Guide 2025: Vietnam published by IFLR, VILAF Partner Tung Nguyen offers expert insights into the latest legal developments, market trends, and challenges shaping the financial landscape. This guide provides valuable perspectives for investors, legal professionals, and financial institutions navigating Vietnam’s dynamic regulatory environment. 1 Overview of the legal framework 1.1 Primary sources of banking […]

VILAF proudly served as the Vietnamese legal counsel to JBIC in a US$150 million credit facility provided to VPBank. This financing, intended to be granted by JBIC along with other potential financial institutions, is aimed at supporting renewable energy projects and electricity transmission systems in Vietnam, contributing to the country’s national goal of achieving net-zero emissions by 2050. This facility is a part of the Asia Zero Emissions Community (AZEC) initiative, spearheaded by the Japanese […]

Citibank and ING Bank, alongside with Export Credit Agency’s Korea Trade Insurance Corporation, K-SURE, and Swiss Export Risk Insurance, SERV (the “Lenders”), have closed a $521.5 million, 12-year supported financing loan for Petrovietnam Power Corporation (PV Power). This financing will support the completion of PV Power’s Nhon Trach 3 and 4 power plants, which are set to be Vietnam’s first liquefied natural gas (LNG) to electricity plants. In parallel with the ECA Financing, the Lenders […]