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Your Trusted Partner for Corporate M&A in Vietnam

Our clients trust our M&A team with Vietnam's most complex M&A transactions. We advise funds, multinationals, and leading Vietnamese companies on due diligence, deal structuring, regulatory approvals, and negotiations. We are consistently one of the most prolific M&A firms in Vietnam market, leading transactions in all aspects of the M&A landscape.

Vietnam real estate law

DN Legal can guide you through your most critical domestic and cross-border transaction; turning complexity into opportunity.

Local Mastery, Global Standards

Complex transactions redefine businesses. At DN Legal, we bring a rare combination of deep knowledge of Vietnam’s legal system and international deal experience to every transaction. This hybrid approach allows us to anticipate local risks while meeting the expectations of global investors.

We advise investment funds, multinational corporations, and leading Vietnamese companies across the full M&A spectrum, from public and private acquisitions, carve-outs, and joint ventures to strategic alliances and exits. Our lawyers have structured landmark financing, guided cross-border takeovers, and navigated the regulatory approvals that make or break deals.

Because Vietnam’s legal framework often intersects with foreign investment rules, our team is fluent in both. We align local law with international standards, ensuring that foreign investors enter Vietnam with confidence and Vietnamese businesses expand globally with credibility.

At DN Legal, partner-level involvement means your deal benefits from precision, foresight, and cultural understanding at every stage. The result: transactions that close smoothly, protect your interests, and unlock long-term growth.

Highlighted Experiences

Hubert Burda Media

Hubert Burda Media

Hubert Burda Media

Assisted a leading global media company in acquiring a stake in CocCoc, one of Vietnam’s largest internet companies.

Vingroup

Vingroup

Vingroup

Advised on the sale of its stake in Vincom Retail to Warburg Pincus, one of the largest private equity deals in Vietnam.

SonKim Land

SonKim Land

SonKim Land

Represented in securing US$100 million convertible bond investment from Lemongrass II for its real estate business.

    • Advised Indochina Capital on the sale of its shares.

    • Advised TAEL Partners on its acquisition of shares in Cotec Healthcare, which includes six hospitals in Vietnam.

    • Advised Kinh Do Corporation on the acquisition of shares in an edible oil company.

    • Advised Hamon Properties Vietnam Limited on the acquisition of a 90% interest in the Gateway project

    • Advised Dat Viet (Vietnamese Advertising and Media) on a number of media-related transactions and real estate projects.

    • Advised Lombard Asia III L.P. on the sale of its shares in a media company.

    • Advised Franklin Templeton on increasing its shareholding in a JV security company.

    • Advised First Alliance on the sale of 100% of its shares in an HR company to a Japanese investor.

    • Advised Wendelbo SEA, a Dutch furniture company, on increasing its investment in Vietnam.

    • Advised Crescent Point Management on the sale of several of its assets in Vietnam, including the Nam Hai & Six Sense Con Dao resorts.

    • Advised Dynasty Investment on the sale of its interests in a real estate company.

    • Advised IHA on a World Bank-appointed study of the hydropower sector in Vietnam as local counsel.

    • Advised Thea on its acquisition of all the interests of a partner in a company that owns several beauty clinic in Vietnam.

    • Advised AIG on the provision of insurance as the purchaser in its acquisition of a school in Vietnam.

    • Advised Holcim on a corporate matter.

    • Advised GE on several transactions.

    • Advised Chiap Hua Group on a 120 hectare project.

    • Advised Dong Saigon on setting up a JV in respect of a 900 hectare project.

    • Assisted a fund on corporate matter in respect of its investment in 2 projects in Nha Trang.

    • Advised Gaw Capital on various corporate issues relating to the Hyatt Danang resort project.

    • Advised DREAM Hotel on a number of corporate matters.

    • Advised an international oil company in relation to its acquisition of shares in a Vietnamese provider of oil and gas stockpiling.

    • Advised H.C. Starck on a mining joint venture with Nui Phao Mining, developer of one of the largest tungsten mines in the world and a subsidiary of Masan

    • Advised Group, one of Vietnam’s largest private sector companies.

    • Advised Unilever on its acquisition of serveral tea plantations and tea processing factory in Vietnam.

    • Advised Anova Corporation, an animal feedstock producer, on the sale of its majority stake in a Vietnamese fish farming company.

    • Advised a global bank on due diligence of a multinational oil and gas company’s Vietnamese oil and gas assets for the purposes of a major refinancing.

    • Advised Nortel Networks on the dissolution of its subsidiary in Vietnam.

    • Advised Citigroup Venture Capital International on a proposed strategic equity investment in a publicly listed Vietnamese financial institution.

    • Advised Indochina Capital on its disposal of a 25% equity to Orix Group, a Japanese listed financial services group.

    • Advised a private equity fund on its strategic investment of a 20% equity stake in a Vietnamese-based corporate, being a subsidiary of one of the largest private sector listed companies in Vietnam.

    • Advised Prudential Property Investment Managers on its acquisition of 49% of the issued share capital to achieve ultimate ownership of 2 phases in a mixed-use residential development project in Vietnam.

    • Advised Jardine Mathes on on two separate acquisitions of Vietnamese companies in the food & beverage sector.

    • Advised San Miguel on its acquisition of a US$35m food production business in southern Vietnam.

    • Advised Diageo on general licensing, corporate and commercial issues and on its acquisition of a local wine producer.

    • Advised Danone Group on general licensing, corporate, commercial and labour issues and on the establishment of a wholly foreign owned Danone subsidiary.

    • Advised International retailers on the establishment of retail stores in Vietnam, including leasing, licensing, financing, documentation and other regulatory work.

    • Advised Kinh Do on its sale of its snack business unit to Mondelez.

    • Advised Vingroup on the sale of its stake in Vincom Retail to Warburg Pincus.

    • Advised H.C. Starck on its mining joint venture with Nui Phao Mining Company, a subsidiary of one of Vietnam’s largest private sector business groups, Masan Group Corporation.

    • Advised VOF of Vinacapital on its various investments in Vietnam.

    • Advised Cognita on its acquisition of International School Saigon Pearl.

    • Advised Nortel Networks on the dissolution of its subsidiary in Vietnam.

    • Advised Acuatico on the purchase of up to 30% of shares of Fresh Water Business and Construction Investment (Viwaco) and 42.4% of shares in Vinaconex Water Supply (Viwasupco) from the Vinaconex.

    • Advised Kimberly Clark - Intragroup transfer.

    • Advised Oman Oil on its proposed purchase of a fertiliser project from PetroVietnam.

    • Advised Sanofi Aventis on the acquisition of all of the products of a Vietnamese

    • pharmaceutical company.

    • Advised HeidelbergCement Group on the proposed acquisition of a controlling interest in Cam Pha Cement Joint Stock Company and Chinfon Cement Corporation.

    • Advised Honda on various matters relating to its operation in Vietnam.

    • Advised Mitsui Engineering on various regulatory matters for its operation in Vietnam.

    • Advised Singapore Technologies Telemedia on its proposed acquisition of stake in EVN Telecoms (EVNT) upon equitisation of this company.

    • Advised Japan International Cooperation Agency (JICA) on personal income tax issues in relation to its Japanese employees who are hired to work within the frame of an ODA loan program in Vietnam.

    • Advised Vodafone Global Enterprise on its telecoms investment in Vietnam.

    • Advised LCMS Holding on the successful establishment of an international school in Hanoi.

    • Advised On dispute resolution method for a dispute in an equipment sales contract between a telecoms company in Vietnam and a Taiwanese telecoms producer.

    • Advised Jardines on settlement of various disputes relating to the collapse of the Huynh Thuc Khang house leased by its subsidiary company - Pizza Hut Vietnam.

    • Advised Taylor’s Education on various school acquisitions in Vietnam.

    • Advised Forbes Vietnam on various corporate and dispute resolution matters.

    • Advised ThaiBev on various regulatory and compliance matters.

    • Advised Tyme on structuring its establishment of digital bank and cooperation with a local bank and other investors in Vietnam.

    • Adivsed Library Pictures on structuring its investments in and partnering with major film production enterprises in Vietnam.

    • Advised IHAG on its majority interest investment in Mi Cay Sasin, the largest Korean-style spicy noodle restaurant chain in Vietnam.

    • Advised AerCap Holdings on the economic concentration aspects of its global acquisition of GE Capital Aviation Services and securing an unconditional merger clearance in Vietnam for the transaction.

    • Advised Franklin Templeton on dealing with various corporate governance matters relating to its joint venture with Vietcombank in VCBF.

    • Advised Vexilla Group on its acquisition of a listed company and restructuring the group companies for multi-sector investments.

    • Advised DatViet VAC on corporate restructuring and its capital raising from UOB and YF Capital.

    • Adivsed Priceline.com on structuring the expansion of its global online airline ticketing business in Vietnam.

    • Advised Agoda on the launch of its flight and packages platforms in Vietnam.

    • Advised Hubert Buda Media on its US$14 million investment in the developer of Coc Coc, the most popular search engine/internet browser in Vietnam.

    • Advised Dehui Solar Power on restructuring its ownership structure in Vietnam.

    • Advised Marsh Vietnam on handling compliance issues with the Ministry of Finance.

    • Advised Royal Lee on its acquisition of 99.9% interest in a local logistics company.

    • Advised Lai Sun Group on corporate restructuring issues relating to its investment in Caravelle Saigon Hotel.

    • Advised Wendelbo on its business expansion and its relocation of a furniture factory from Ho Chi Minh City to Binh Duong.

    • Advised Dole Asia on its business cooperation with U&I Group on production and distribution of Dole branded fresh bananas.

    • Advised CityClinic on regulatory issues and setting up a wholly foreign owned polyclinic in Ho Chi Minh City.

    • Advised 12− Go-Pak UK on regulatory and tax issues and setting up an export-processing company in Binh Duong.

    • Advised Robert Walters Vietnam on various regulatory and compliance matters.

    • Advised BHL on its sale of newly issued preference shares to Heritas Helios Investment for development of international kindergarten/primary schools.

    • Advised Sino Ocean Group on regulatory issues and setting up a wholly foreign owned real estate in Ho Chi Minh City.

    • Advised Dat Viet on business cooperation contract in respect digital television with VTVCab.

    • Advised Novaland on several loans from various offshore lenders to finance the development of its residential projects in Ho Chi Minh City.

    • Advised IP Global on dispute settlement regarding a bad debt with a developer of a resort project in Binh Thuan.

    • Advised Sekisui on its acquisition of stake in Tien Phong Plastic JSC.

    • Advised Lixil on various regulatory and compliance matters as an export processing enterprise in Dong Nai.

    • Advised Enex JP on its acquisition of a stake in a gas trading company.

    • Advised Bitexco on its deal with compliance matters arising out of the operation of buildings such as Bitexco Financial Tower, Bitexco Office Building, and Manor I and II.

    • Advised Green Yellow on its plan to reorganize the corporate structure of project companies in Vietnam.

Awards & Recognition

“Leading Projects, Infrastructure & Energy Lawyer (Band 1)” (2014)
“Leading Corporate/M&A Lawyer (Band 1)” (2014)
“Extremely client- focused and extremely knowledgeable” (2014)
DN Legal in Legal 500 Best Lawyers
“DN Legal - Leading Adviser of the Year – Vietnam” (2015)
DN Legal in Legal 500 Best Lawyers
“Financial and Corporate Recognised Firm” (2016)
DN Legal in Legal 500 Best Lawyers
“Leading Financial and Corporate Lawyer” (2016)
DN Legal in Legal 500 Best Lawyers
“DN Legal - Corporate Adviser of the Year – Vietnam” (2016)
DN Legal in Legal 500 Best Lawyers
“Franchise Law Firm – Vietnam” (2016)
“Boutique Law Firm – Vietnam” (2016)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen is Corporate Law Expert in Vietnam” (2016)
DN Legal in Legal 500 Best Lawyers
“DN Legal has been highly recommended for Corporate Law position in Vietnam” (2016)
DN Legal in Legal 500 Best Lawyers
“Best Corporate M&A Attorney, Vietnam” (2016)
“DN Legal – Franchise Law Firm in Vietnam” (2016)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen is a Leading Lawyer in Banking, Mergers & Acquisitions” (2017)
“The Guide to the World's Leading Financial Law Firms” (2017)
DN Legal in Legal 500 Best Lawyers
“DN Legal – Professional Excellence” (2017)
DN Legal in Legal 500 Best Lawyers
“DN Legal – Corporate Law Firm of the Year in Vietnam” (2017)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen – M&A Legal Advisor of the Year – Vietnam” (2017)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen - the exclusive Corporate Lawyer in Vietnam” (2018)
DN Legal in Legal 500 Best Lawyers
“DN Legal – one of the 2019 Business Excellence awards winners” (2019)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen, winner of a 2019 International Advisory Experts Award on Corporate Law in Vietnam” (2019)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen, IFLR1000 Women Leader on Banking, M&A, Project development in Vietnam” (2020)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen – a Distinguished Practitioner in Corporate and M&A, Asialaw” (2021)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen is an Asialaw Leading Lawyer for Corporate and M&A” (2021)
DN Legal in Legal 500 Best Lawyers
“Dao Nguyen - one of the IFLR1000 Women Leaders” (2022)
DN Legal in Legal 500 Best Lawyers
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