The return of SOEs equitization – Is it time to invest?

Event Details

  • Date:

Allens_Logo_Pos_spotWhat: AmCham Luncheon on SOEs equitization

When: Tuesday, October 28, 2014, 12:00pm – 1:45pm

Where: Hilton Hanoi Opera, 1 Le Thanh Tong Street, Hoan Kiem District, Hanoi

After little real activity over the past few years, equitization has returned to the top of the Government’s agenda with a stated goal to equitize over 430 state-owned enterprises by the end of 2015. The list includes prime State assets including Vietnam Airlines, MobiFone, Airports Corporation of Vietnam, Vinatex and other State corporations in construction, infrastructure, transportation and agriculture. To achieve this objective, a number of recent regulations have been issued to simplify and provide more clarity and transparency to the equitization process.

As investors in Vietnam’s future, foreign players have started asking questions about what this process means for them. Will there be opportunities for strategic investors in this process? What are the rules of the game and what practical issues they will face? On October 28 at lunchtime, AmCham is pleased to present a panel of experts from Allens law firm to address these questions and present opportunities from a legal perspective about this exciting development in Vietnam.


Bill MagennisBill Magennis is the managing partner of Allens’ Hanoi office. He has lived and worked as lawyer in Hanoi since 1993 and has advised on many of the leading projects in Vietnam, the most recent being the $9 billion Nghi Son refinery. Currently he is working on Vietnam’s largest M&A transaction and several large scale petroleum and power plant investments. In 1999, Bill toured Vietnam giving seminars to state enterprises and officials on the first of the decrees that enabled equitization. He acted for Bao Viet on the first – and to this day the only – major equitization successfully involving a strategic foreign investor. Bill is a representative of the foreign investors on the members’ council of Holcim (Vietnam) and is a keen supporter of the Vietnam rowing team.

Linh BuiLinh Bui is a Partner in Allens’ HCMC office. She has 10 years of experience in advising on foreign investment in Vietnam. Linh specializes in M&A, corporate law, and banking and finance, and has extensive experience in anti-trust matters. She advises major international investors in Vietnam operating across a wide spectrum of industries, including the food and beverage, financial services, oil and gas, and power sectors. Linh graduated from the Moscow State University with honors and speaks fluent Vietnamese, English and Russian.

Chi HaChi Ha is an Associate in Allens’ HCMC office. Her areas of practice include corporate M&A, capital markets, project financing and structured products. Prior to returning to Vietnam, Chi worked in a top-tier law firm in Melbourne for four years. Her past experience includes advising on all income tax aspects of a AU$14.6 billion merger in the wealth management industry in Australia. In Vietnam, Chi has worked on a number of major projects including the $9 billion Nghi Son refinery and is currently advising on several transactions in leading companies in Vietnam in the manufacturing sector and upstream oil and gas sector. Chi graduated from the University of Melbourne with honors in accounting and law and is admitted to practice in the High Court of Australia and the Supreme Court of Victoria, Australia.

COST: 650,000 VND (members); 850,000 VND (non-members)

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