VGP - Allen & Overy announced its intention to open two offices in Ho Chi Minh City and Hanoi following receipt of the necessary regulatory approvals and the strategic hire of leading Vietnamese lawyer.
The Ho Chi Minh City and Hanoi offices further strengthen the firm's platform and strategy in Asia. The launch also underlines its commitment to continued investment in high growth markets such as Vietnam.
The offices, which are expected to open in the third quarter of 2012, will focus on banking, finance, infrastructure projects, businesses and trade, mergers and acquisitions, capital and real estate markets.
Vietnam is rapidly establishing itself as a key jurisdiction within South East Asia and is of increasing interest to international companies and investors said Allen & Overy's Asia Pacific Managing Partner Thomas Brown.
Since 1986, Vietnam's economy has posted annual per capita growth of 5.3%. Despite the recent volatility in global markets, China is the only Asian economy to have grown faster than Vietnam since 2000.
The addition of Hanoi and Ho Chi Minh City will take Allen & Overy's network to 42 offices in 29 countries around the world – the largest global footprint among the leading global law firms.
By Thuy Dung